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Page added on September 12, 2005
US airline losses in 2005 could reach USD$10 billion
US airline losses in 2005 could reach USD$10 billion, due mainly to soaring fuel prices made worse by Hurricane Katrina, the industry’s chief trade group estimated on Friday.
To try and stem the red ink, major carriers plan to ask Congress next week for a one year holiday from the federal tax on jet fuel to save USD$600 million, the Air Transport Association said.
AirWise
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