Interestingly, she tells me that there is an optimistic feeling that commencement of recovery is in sight.
Tell her to stop smoking whatever she is smoking
Airline losses forecast to hit $4.7bn in 2009
The outlook for airlines is worsening, says the International Air Transport Association (IATA) which is doubling its estimate of the industry's losses in 2009 to $4.7 billion (£3.1 billion), due to rapidly deteriorating economic conditions.
Demand for air travel is falling everywhere, says IATA, except in the Middle East but even there - where traffic is expected to grow by 1 per cent - losses will mount because of a 3.8 per cent increase in airline capacity.
Across the globe, IATA is forecasting that airlines will suffer a $62 billion decline in revenue in 2009 to $467 billion, almost three times the decline registered after the September 11 attacks and the health scares in Asia.
Between 2000 and 2002, the airline industry suffered a $23 billion fall in revenue.