Airline Financial of recent origins 05-06-2002 Net Los For Airlines In 2002 Climbs To $4 Billion Volume: 20 Number: 18 ISSN: 10405410 Publication Date: 05-06-2002 Page: 1 Type: Periodical Language: English The latest airline numbers indicate the industry will endure a net loss of $4 billion this year instead of a $35 billion los forecasted a not many weeks ago.
The latest airline numbers indicate the industry will endure a net loss of $4 billion this year instead of a $35 billion los forecasted a not many weeks ago, according to Sam Buttrick, an analyst at UB Warburg. He also reiterated that the 2003 road estimates remain way too high, reflecting an unrealistic expectation for the rate of income recovery.
