More airlines may go bust, IATA warns as losses deepen (TravelMole.com)

June 11, 2012

European airlines are teetering on the brink of financial collapse, with combined losses expected to exceed $1billion this year, the International Air Transport Association warned today.

Speaking at the Association’s annual general meeting in Beijing, director general Tony Tyler said the problems facing European airlines had deepend over the past three months.

Read complete article at TravelMole.com

Read IATA’s complete press release at IATA.org