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Airline trade group forecasts deeper losses for 2009

</head> <body> <p>WASHINGTON (Reuters) - The world's airlines are expected to post losses of $11 billion this year, as weak passenger traffic and cargo demand pressures revenue, the International Air Transport Association said on Tuesday.</p> <p>The revised forecast is $2 billion worse than the previous projection for losses of $9 billion due to rising fuel prices and weak yields, the association said in a statement.</p> <p>The Geneva-based airline trade group also forecast that the industry would post losses of $3.8 billion in 2010.</p> <p>(Reporting by John Crawley and Karen Jacobs; Editing by Maureen Bavdek)</p> </body> </html> </div><!-- end article-body --> </div><!-- end aticle-body-wrapper --> <aside> <ul class="social-share-btns clearfix"> <li><g:plusone size="medium" href="http://wsau.com/news/articles/2009/sep/15/airline-trade-group-forecasts-deeper-losses-for-20/"></g:plusone></li> <li><div id="fb-root"></div><script 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