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Airline industry experienced second largest loss in history. (Air Transport Association of America report) (Brief Article)
According to the Air Transport Association of America's (ATA) annual report on the U.S. scheduled airline industry, airlines in 1991 posted the second largest loss in history - $2 billion - and suffered declines in passengers, cargo, capacity and revenues.
ATA president Robert J. Aaronson said the loss drained resources that are needed to replace thousands of aircraft to accommodate growth and federal noise levels. He cited mounting …
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