Business & Finance
IATA ups 2011 airlines profit outlook, 2012 weak
SINGAPORE : World airlines are expected to post a net profit of $6.9 billion this year as stronger passenger numbers off
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The new forecast by the International Air Transport Association was better than its original projection of $4.0 billion made in June.
Net profit for next year is expected to weaken to $4.9 billion due to the expected deterioration of global economic conditions, IATA director general and chief executive Tony Tyler told a news conference in Singapore.
Copyright AFP (Agence France-Presse), 2011