IATA raises airline profit forecasts

Comment on this story


Airline

Geneva - Global airline profits will total $12.9 billion in 2013 and a record $19.7 billion next year due to lower jet fuel costs and improved efficiency, the International Air Transport Association (IATA) said on Thursday.

The widely-watched forecasts are higher than IATA had expected in its last update in September, when it predicted profits of $11.7 billion for 2013 and $16.4 billion in 2014.

However, cargo demand remains stagnant, IATA said.

“2013 will see passenger numbers top 3 billion for the first time, increasing to 3.3 billion in 2014,” IATA Director General Tony Tyler told a news conference. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks