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Iata: 2009 Worst demand decline in history
27 January 2010
Airlines are expected to lose $5.6 billion in 2010, according to the International Air Transport Association (IATA).
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Iata
airline industry
passenger demand
Giovanni Bisignani
Europe
Asia-Pacific
Africa
Latin America
freighter demand
The International Air Transport Association (Iata) reported a 3.5% decline in international passenger demand for 2009 compared to 2008—the largest post-war decline. The industry is expected to lose $5.6 billion in 2010, says an Iata executive.
“In terms of demand, 2009 goes into the history books as the worst year the industry has ever seen,” says Giovanni...
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