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IATA Projects $900 Million Loss For Airlines

ImageThe International Air Transport Association (IATA) revised forecast projects the regions airlines are likely to see a $900 million loss in 2009 due to falling revenues, high fuel hedging positions, and overcapacity. The $900 million projected loss is more than four times higher than IATA’s original projected loss of $200 million for Middle Eastern airlines in 2009. IATA revised its forecast due to the strength and speed of the economic downturn. 


New seaside resort in Qatar

Those of you planning a trip to Qatar may want to check out Qatar’s first leisure destination Sealine Beach, a Murwab Resort, which has now opened following a major
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