IATA, Eurocontrol Don’t See Material Airline Recovery Before 2011
Despite early signs that next year will be a better one for airlines, the industry is not expected to rebound until 2011. The $62-billion decrease in revenue, 4.3% drop in yields, $4.7-billion projected industry loss and $170 billion in airline debt are making 2009 “the toughest year the airline...
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