World airline industry, 09-year deficit of 1 trillion yen IATA, forecasts loss on

World airline industry, 09-year deficit of 1 trillion yen IATA, forecasts loss on

Organized by the International Air Transport Association airlines around the world (IATA) on April 15, 2009 net income last year the airline industry $ 110 billion (about ¥ 1 trillion) will be announced in the deficit projections. The as of June 90 had predicted a deficit of 100 million U.S. dollars, under the rising fuel prices and sluggish demand lowered 20 billion. IATA is a "worsening situation and the financial crisis," the official said. Industry consolidation likely to accelerate further survival.