Aviation Losses 'Worse Than 9/11'

Summary


THE aviation industry will take years to recover from a shock "worse than 9/11", the International Air Transport Association said yesterday, as it predicted that airlines would lose GBP6.7bn this year.

The trade body revised the losses suffered by airlines upwards, saying that falling revenue from business travel and rising oil prices had wiped out a stabilising of passenger numbers.

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Aviation Losses 'Worse Than 9/11'

European airlines are expected to post the largest losses this ...

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