Subscribe to the BlogThe global airline industry will recover strongly this year, as both passenger and freight numbers improve, the industry's trade body has said. But, how painful will it be, is not clearly known. The International Air Transport Association said the sector would still make a loss, but predicted this would be half its estimate in December.
Iata now expects the world's airlines to make a combined loss of $2.8bn (£1.9bn) in 2010, rather than $5.6bn. I am not sure whether this is called recovery!! However, a lower loss must be termed as recovery, I guess!!