Airlines around the globe lost more than US$6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, International Air Transport Association (IATA) said this week. A sample of more than 50 airlines found their losses declined to $2 billion in the second quarter from $4 billion in the first quarter, according to IATA. The April-June period is usually a strong one for the industry. … [Read more...] about US$6 billion 1H losses for airlines