Travel News - World's Airlines Could Lose $4.7B in 2009

Not exactly a news flash ;)

World's Airlines Could Lose $4.7B in 2009
Phoenix Business Journal
Tuesday, March 24, 2009, 9:11am MST

"World airlines are set to lose $4.7 billion this year as a result of the global recession, according to the International Air Transport Association.

Personal cuts in spending and a decline in production at factories has led to fewer airline passengers and less cargo being shipped around the world. Despite lower fuel prices than last year, airlines everywhere are struggling with sluggish demand."

Not exactly a news flash ;)

World's Airlines Could Lose $4.7B in 2009
Phoenix Business Journal
Tuesday, March 24, 2009, 9:11am MST

"World airlines are set to lose $4.7 billion this year as a result of the global recession, according to the International Air Transport Association.

Personal cuts in spending and a decline in production at factories has led to fewer airline passengers and less cargo being shipped around the world. Despite lower fuel prices than last year, airlines everywhere are struggling with sluggish demand."

Ok, I think I have finally reached the point of numb. My first reaction to the number was, "Well, that isn't very much...."