Sector expects disastrous results in 2009 - IATA says its “worst revenue situation in 50 years”. - The International Air Transport Association (IATA), which represents 230 airlines comprising 93% of scheduled international air traffic, has published its economic forecasts for 2009, which included significant losses. All regions, except the US, are expected to report an industry loss of US$2.5 billion, a larger figure in 2009 than in 2008. The IATA affirms that the ferocity of the crisis...