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Airlines to lose billions more in 2010

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Airlines to lose billions more in 2010

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The world’s airlines are likely to lose 3.8 billion euros next year, more than previously estimated, according to the latest forecast from industry group IATA.

It said rising fuel costs will offset a rebound in both passenger traffic and air cargo.

The International Air Transport Association also reaffirmed its projection of a 7.5 billion euro loss for the industry this year.