The International Air Transport Association on Monday further downgraded its 2011 airline industry profit forecast to $4 billion, which would represent a 78 percent drop compared to last year.
As many as 12 people were killed and 75 injured Friday afternoon when a plane taking part in the Reno Air Races crashed into a spectator seating area, according to preliminary reports.
A new forecast released on Wednesday by European aircraft manufacturer Airbus suggests air traffic in Spain will almost double by 2030, requiring Spanish airlines to buy as many as 400 new passenger planes over the next 20 years.