Archive for the ‘II. Financial’ Category

Airline Trade Group Predicts 2009 Loss of $11B

Monday, September 28th, 2009

From The Associated Press And ABC News (Full Story) On September 15th, 2009. Global airline losses are headed for a worse-than-expected $11 billion this year and it's not clear when lucrative business travel will rebound to pre-recession levels, a trade group said on Tuesday. As recently as June, the International Air ...

Japan Air Requests Bailout!

Sunday, September 27th, 2009

On 9/24/2009, Japan Air has requested a bailout from their government. Will the US Airlines be far behind in requesting a federal bailout? According to the International Air Transportation Association (IATA): The airline industry as a whole has suffered in the global downturn, hit by a combination of falling ...