Despite uptick, IATA warns of turbulence | Bangkok Post: business

Business >

Despite uptick, IATA warns of turbulence

Meagre margins point to problems, says chief

- +

GENEVA : The world's airlines are expected to finish 2012 with improved profitability thanks to cost-cutting, restructuring and relatively steady fuel prices that have helped to offset a weak global economy. 

The International Air Transport Association (IATA) said yesterday the industry is expected to return a profit of US$6.7 billion, up from its $4.1 billion projection in October.

IATA, whose 243 members represent about 80% of global civil air traffic, also expects to see profits continue next year with a projection of $8.4 billion, higher than its October forecast for 2013 of $7.5 billion.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments