IATA to raise 2009 airline industry loss forecast

2009 airline industry losses to top $4.7bn forecast; Boeing, Airbus orders seen down 30%in 2010

Losses from the world's airlines will be worse than forecast this year and will cause a knock-on effect on suppliers, with Boeing and Airbus orders next year looking to be down 30%, the industry's top body said on Thursday.

International Air Transport Association (IATA) managing director Giovanni Bisignani told Reuters in an interview that the body would revise its forecast of $4.7bn of losses at...