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| Version 0 | Version 1 |
|---|---|
| Airlines' losses to soar further | Airlines' losses to soar further |
| (about 2 hours later) | |
| The International Air Transport Association (Iata) says airlines may lose $9bn this year - almost double the estimate made just three months ago. | The International Air Transport Association (Iata) says airlines may lose $9bn this year - almost double the estimate made just three months ago. |
| Director General Giovanni Bisignani, speaking at Iata's annual meeting, said it was "the most difficult situation the industry has faced". | Director General Giovanni Bisignani, speaking at Iata's annual meeting, said it was "the most difficult situation the industry has faced". |
| The crisis in the aviation sector has been caused by a steep fall in passenger numbers. | The crisis in the aviation sector has been caused by a steep fall in passenger numbers. |
| There has also been a big decline in demand for air freight. | There has also been a big decline in demand for air freight. |
| Iata had predicted in March that losses for the global airline industry would reach $4.7bn in 2009. | |
| It has also revised its estimate of the losses for 2008 to $10.4bn, up from $8.5bn. | It has also revised its estimate of the losses for 2008 to $10.4bn, up from $8.5bn. |