Originally formed in 1998, Arrow Canada Recovery 1998 has
evolved into a sizable group of dedicated people. Non profit
incorporation in the year 2000 has given them a new name, Arrow
Recovery Canada Inc. and a larger "mission".
"The outlook is bleak. The chronic industry crisis will
continue into 2009 with US$2.5 billion in losses. We face the worst
revenue environment in 50 years."
Source: IATA Director General and CEO Giovanni
Bisignani. The International Air Transport Association (IATA)
released its forecast for 2009, showing an industry loss of US$2.5
billion. All regions, except the US, are expected to report larger
losses in 2009 than in 2008.