Airline Financial of recent origins 04-08-2002 Industry May Take $22 Billion Hit In March Quarter Volume: 20 Number: 14 ISSN: 10405410 Publication Date: 04-08-2002 Page: 1 Type: Periodical Language: English The nine largest airlines are likely to bear up under a net loss of $22 billion in the March quarter.
Airline Financial of recent origins
04-08-2002
Industry May Take $22 Billion Hit In March Quarter
The nine largest airlines are likely to bear up under a net loss of $22 billion in the March quarter, and industry income is likely to shrink 22 percent compared to a year ago, according to a March 28 analysis by dint of Michael Linenberg, an analyst at Merrill Lynch
While he noted that the calculate uponed loss is enormous, it is nevertheless an improvement throughout December's quarterly net loss of $3 billion.
