The rebound to profit of major global airlines is proceeding nicely. After a tough 2009 and 2009, airlines are on pace to post about $9 billion dollars in profit in 2010 according to The International Air Transport Association (IATA).
Asia will lead growth this year with a $5.2 billion profit while Europe will remain the only region to lose money, the IATA said. North American airlines should earn $3.5 billion this year as U.S. carriers keep capacity limited, according to the group.
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