IATA forecasts Middle East airline losses to balloon in 2009

The profitability outlook for Middle East airlines in 2009 has suffered a serious reversal in the early months of 2009. Despite a strong recovery forecast for 2010 and beyond, 2009 will be a year of heavy losses for carriers in the region, according to IATA. [786 words]

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This report contains the following subheadings:

• Premium demand slump hits Middle East
• Looking ahead

This report contains the following charts and tables:

• Worldwide airline industry profits (USD billion):2006-2009F (As at Mar-2009)
• Worldwide and Middle East premium traffic growth (% change): Jan-200 to Jan-2009
• Middle East premium revenue share & premium traffic share
• IATA premium traffic growth by region (% change): Jan-2009