Tuesday September 15, 03:59 PM
STOCKS NEWS US-IATA forecasts deeper 2009 losses for airlines
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1037 ET 15Sept2009-IATA forecasts
deeper 2009 losses for
airlines
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The world's airlines are expected to post losses totaling
$11 billion this year as weak passenger traffic and cargo
demand pressure revenue, the International Air Transport
Association said on Tuesday.
The association previously projected losses of $9 billion
due to rising fuel prices and weak revenue.
The Geneva-based trade group forecast industrywide losses
of $3.8 billion in 2010.
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