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Thursday, December 8, 2011

IATA: Eurozone Crisis Could Hit Aviation

The International Air Transport Association (IATA) predicts weaker profitability for global airlines as crisis in the Eurozone and a potential global recession depressing the outlook. In its outlook released Thursday, IATA said 2011 profitability remains weak at $6.9 billion for a net margin of 1.2 percent...

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