Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: AIRLINES Date: Wed, 4 Nov 92 06:47:12 EST Message-ID: HEADLINE: AIRLINES Publication Date: Tuesday November 3, 1992 BYLINE: IATA Forecasts Losses on International Routes: The world's airlines are expected to lose $2.6 billion on international routes this year and another $600 million in 1993, the International Air Transport Assn. said. The estimates mean international losses from 1990 through 1993 would total $9.9 billion. Gunther Eser, the industry group's director general, told the association's annual meeting in Montreal that recent streamlining and cost-slashing by airlines, along with expected improvement in passenger traffic, are likely to contribute to a narrower loss next year. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM