Air Transport World

World airline losses topped $11 billion last year ... passenger traffic fell 18.5% in April. (News Briefs).(Brief Article)

The world's airlines lost $11.56 billion after taxes last year, improved compared to a loss of $12.91 billion in 2001, according to preliminary estimates released by ICAO at the end of May, but still the industry's second worst year. Revenues were estimated at $312.5 billion, up 1.6% over 2001, while operating expenses were put at $319.8 billion, an increase of only 0.2% compared to 2001. The preliminary 2002 operating loss was 2.3% of revenues, or around $7. …

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