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November 4, 2009

IATA maintains $11 billion loss forecast despite profitable third quarter IATA yesterday said airlines that already have reported their third-quarter results earned a net profit of $400 million, reversed from a net loss of $1.5 billion in the year-ago period, but maintained its forecast for an $11 billion full-year loss owing a $6 billion first-half deficit and the fact that "Q4 is usually loss-making." [MORE] Shanghai Airlines reports smaller third-quarter loss Shanghai Airlines suffered a CNY42.7 million ($6.2 million) loss in the third quarter, narrowed 90.2% from a CNY437.5 million deficit in the year-ago period. [MORE] Same parent, different paths: Swiss, Austrian face unique challenges Lufthansa subsidiary Swiss International Air Lines reported a €47 million ($69.4 million) third-quarter operating result, a 60.5% decrease from the €119 million earned in the year-ago period, and expects to post a full-year profit, while newly acquired neighbor Austrian Airlines faces deepening deficits and a cloudier future. [MORE] More franchisees support hotel chains in latest battle with online agencies News from Travel Technology Update: The dispute between Expedia.com and Choice Hotels International may seem like d￩j￠ vu to those who remember the battle between the online agency and InterContinental Hotels Group in 2004. [MORE] Other News Pinnacle enjoys 84% profit surge Republican lawmakers criticize NMB unionization proposal Juneyao raises expectations [MORE]

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