Giovanni Bisignani, director general and chief executive officer of IATA (International Air Transport Association) speaks during a news conference in Montreal, September 3, 2008. Global airlines are set to post losses of $5.2 billion this year and $4.1 billion in 2009 as high oil prices take a toll on the industry, the IATA said on Wednesday. REUTERS/Christinne Muschi (CANADA)