The International Air Transport Association (IATA) has revised downward its airline profits forecast for the 2011 year. Net profit for the industry will be US$8.6 billion assuming oil prices do not settle at even-higher levels than they are now. IATA previously had forecast industry-wide 2011 earnings of US$9.1 billion.
IATA revises 2011 profit projections
Latest News
Thursday, 03 March 2011
The International Air Transport Association (IATA) has revised downward its airline profits forecast for the 2011 year. Net profit for the industry will be US$8.6 billion assuming oil prices do not settle at even-higher levels than they are now. IATA previously had forecast industry-wide 2011 earnings of US$9.1 billion.
