From The BBC:
The global airline industry will recover strongly this year, as both passenger and freight numbers improve, the industry’s trade body has said.The International Air Transport Association said the sector would still make a loss, but predicted this would be half its estimate in December. Iata now expects the world’s airlines to make a combined loss of $2.8bn (£1.9bn) in 2010, rather than $5.6bn. But it warned that European and US airlines were still suffering the most. ‘Right direction’Iata said it was “starting to see some blue skies ahead of us”.
It expects to see global passenger numbers rise by 5.6% in 2010, after falling 2.9% last year. At the same time, it predicts that cargo demand will rise by 10%, after last year’s 11.1% decline. “We are moving in the right direction,” said Iata director general Giovanni Bisignani. “The recovery is strong, but we are still at pre-crisis levels.” However, as the recovery in the airline sector continues, Mr Bisignani said European and US ca…
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