The global aviation industry is heading for a gigantic $9 billion in 2009, according to the latest forecasts from the International Air Transport Association. The latest predicitons put March’s estimate of $4.4 billion into the shade.
Out of the $9 billion losses which the global airline industry is predicted to post in 2009, $3.3 billion will come from Asia-Pacific carriers, IATA said.
“Today’s situation is unprecedented, the most difficult ever,” IATA Director-General Giovanni Bisignani said. “There is no modern precedent for today’s economic meltdown. The ground has shifted. Our industry has been shaken.”
Images by reservasdecoches under Creative Commons.
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