September 23, 2010
The International Air Transport Association expects Indian airline companies to post a combined loss of USD$400 million in 2010, chief executive Giovanni Bisignani said on Wednesday.
The Geneva-based trade body, which represents about 80 percent of world carriers, had said on Tuesday global airlines have sharply raised their forecast for industry profits this year as recession fades -- but new capacity could cut profits as soon as 2011.
(Reuters)
The International Air Transport Association expects Indian airline companies to post a combined loss of USD$400 million in 2010, chief executive Giovanni Bisignani said on Wednesday.
The Geneva-based trade body, which represents about 80 percent of world carriers, had said on Tuesday global airlines have sharply raised their forecast for industry profits this year as recession fades -- but new capacity could cut profits as soon as 2011.
(Reuters)