Grupo Faharo

Air Transport Industry Recovering Faster Than Expected

03/16/2010

The International Air Transport Association (IATA) halved its loss forecast for 2010 to US$2.8 billion (compared to the $5.6 billion loss forecast in December 2009). The improvement is largely driven by a much stronger recovery in demand seen by year-end gains that continued into the first months of 2010. Relatively flat capacity translated into some yield improvement and stronger revenues...more