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Although IATA recently announced a dramatic turnaround in its predictions for the world’s airline industry, saying that instead of a loss it saw the possibility of a profit by the end of the financial year, most carriers are still desperately trying to cut costs to cope with the devastation wrought on their finances during the global economic downturn. Not so in the Middle East, according to a recent report. Consultancy firm Alixpartners claims that whilst many airlines are licking their wounds and will continue to do so for a number of years, Middle Eastern carriers look set to double in size [...]