Airline group forecasts growing losses this year (Winging It)

Airline group forecasts growing losses this year

There's a real financial crisis in the worldwide airline industry, caused by the soaring cost of oil. And if prices keep rising, it's only going to get worse than the forecast from the International Air Transport Association issued at its annual meeting yesterday. The view from Britain's Guardian newspaper can be found here.

Posted by Tom Belden on June 3, 2008 8:00 AM | Permalink

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