IATA forecasts worldwide airline total loss up to US$7 billion

Pierre J. Jeanniot, Director-General and Chief Executive Officer of International Air Transport Association (IATA), forecasts that as a result of the suicide hijacking attacks in US, the total loss of the airline industry worldwide will be up to US$7 billion for this year, versus the earlier estimates for US$2.5 billion. He described that it is the first time since 1993

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