(EnergyAsia, September 22, Tuesday) — The global airlines industry could report record losses of $11 billion this year, up from an earlier forecast of $9 billion, on account of poor margins and rising fuel costs. In releasing its latest grim forecast, the International Air Transport Association (IATA) said industry revenues for the year are…
MARKET: Airlines to suffer $11 billion losses on falling yields, rising fuel costs
Posted on September 21, 2009 by EnergyAsia