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The global airline industry is nowhere near a recovery, and profitability will remain under...

The global airline industry is nowhere near a recovery, and profitability will remain under pressure amid high oil prices, IATA exec Tony Tyler says. Demand for air freight, which typically contributes the bulk of airlines' earnings, is weak, he says. But an industry bright spot is China, whose airlines contributed nearly half the industry's aggregate profits in 2011.
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