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"Historically, if GDP falls below 2 percent, the industry returns a collective loss. So it would not take much of a shock to turn our very modest profit projection to a net loss," said Tony Tyler, the International Air Transport Association's chief executive, during a press conference in Geneva on Tuesday. (Associated Press)

"Historically, if GDP falls below 2 percent, the industry returns a collective loss. So it would not take much of a shock to turn our very modest profit projection to a net loss," said Tony Tyler, the International Air Transport Association's chief executive, during a press conference in Geneva on Tuesday. (Associated Press)

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