Airlines will sell more seats in 2010 as a result of the recovering global economy, but rising fuel prices and pressure on yields are likely to keep them in the red, the industry group International Air Transport Association (IATA) said on Tuesday.
In its latest outlook, the IATA said the airline sector would lose $5.6 billion on a net basis in 2010, compared to its previous forecast for a $3.8 billion loss.
It repeated its expectation for a $11 billion industry net loss this year. IATA also said air passenger numbers would return in 2010 to their 2007 peak and air cargo demand would rebound quickly as depleted inventories are restocked.
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