Global Airline Traffic Back To Pre-Recession Levels But Risks Remain
IATA expects airlines to post global profits of $2.5 billion in 2010, a major improvement compared with IATA's previous forecast released in March of a $2.8 billion loss. Bisignani attributes this to the global economy recovering from the financial crisis much faster than anticipated. However, he adds that a major part of the global industry is still posting big losses. "A stagnating economy, strikes, natural disasters, and a currency crisis have left European carriers struggling with an anticipated $2.8 billion loss.