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Article: IATA says airlines will lose USD3bn in 2006 because of oil prices.(International Air Transport Association)(Brief article)
- Article from:
- Airline Industry Information
- Article date:
- June 5, 2006
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The International Air Transport Association (IATA) has said that global airlines will see losses of some USD3bn this year due to increasing oil prices.
The association has previously forecast losses of USD2.2bn but increasing oil prices appear to be outpacing the efforts to cut costs. IATA CEO ...