IATA Cuts Industry Profit Forecast By 54%

By Leithen Francis leithen_francis@aviationweek.com .
Singapore .

The International Air Transport Association (IATA) has slashed its 2011 profit forecast for the global airline industry by more than half to $4 billion.

“Natural disasters in Japan, unrest in the Middle East and North Africa, plus a sharp rise in oil prices have slashed industry profit expectations to $4 billion this year,” IATA Director General and CEO Giovanni Bisignani told ...

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