BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[IATA revises airline industry losses by $2 billion more]]>http://www.bloggingstocks.com/2009/09/17/iata-revises-airline-industry-losses-by-2-billion-more/http://www.bloggingstocks.com/2009/09/17/iata-revises-airline-industry-losses-by-2-billion-more/http://www.bloggingstocks.com/2009/09/17/iata-revises-airline-industry-losses-by-2-billion-more/#commentsFiled under: , ,

Higher fuel prices and slipping demand for air travel have prompted a change. The International Air Transport Association revised its forecast of global airline losses for the year from $9 billion to $11 billion. Revenues for the air travel industry are expected to fall 15% to $455 billion worldwide. Passenger traffic is anticipated to fall by 4%, with cargo dropping 14% for the year.

Financially, IATA CEO Giovanni Bisignani says the impact of the financial crisis has been more severe than the terror attacks of eight years ago.

Continue reading IATA revises airline industry losses by $2 billion more

IATA revises airline industry losses by $2 billion more originally appeared on BloggingStocks on Thu, 17 Sep 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline industryAirlineIndustryairlinesasiaasia pacificAsiaPacificeuropeiatainternational air transport associationInternationalAirTransportAssociationinthenewslatin americaLatinAmericanorth americaNorthAmericaThu, 17 Sep 2009 11:00:00 EST