If the European Union loses control of its sovereign debt crisis, airline industry losses could reach $8.3 billion, and the effects could be felt worldwide, the International Air Transport Association (IATA) says. Europe would be the most affected, “but we doubt any region will be able to escape losses,” the organization warned today during its annual media day. “The biggest risk facing airline profitability over the next year is the economic turmoil that would result from a failure of ...

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