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World airlines seen losing $9 billion this year

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posted on Jun, 8 2009 @ 05:44 AM
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World airlines seen losing $9 billion this year


breakingnew s.nypost.com

By EILEEN NG
Associated Press Writer


AP Photo/Lai Seng Sin




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KUALA LUMPUR, Malaysia (AP) -- The world's airlines will collectively lose $9 billion this year - nearly double the previous projections - and face a slow recovery as the economic crisis sa
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posted on Jun, 8 2009 @ 05:44 AM
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Well, it doesn’t look like the so called economic recovery supposedly getting under way at the end of the year is going to be helping the airlines of the world any.

Tourism and business travel is that bad, and the insane games the commodity futures traders play with oil sure doesn’t help drivers or pilots and their commercial airline operations.

I wonder what the governments won’t end up owning before this economic crisis is done and over with?


breakingnew s.nypost.com
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