Posted: Mon 8:39 AM, Jun 08, 2009
Reporter: NBC Email
Airline Industry Says Loss Much Higher Than Anticipated
Things are looking worse for the airline industry.
Worldwide, they're expected to lose $9 billion in 2009.
The new estimate comes from the International Air Transport Association, representing 230 airlines around the globe.
In March, the IATA predicted a loss of $4.7 billion.
They say the ground has shifted with the worldwide financial crisis.
The head of the group says airlines need to make drastic changes to the way they do business.
View All Sections
Gray Television, Inc. - Copyright © 2002-2013
Designed by Gray Digital Media