Friday June 5, 2020

IATA raises forecast for global airline profits

The International Air Transport Association has raised its 2011 forecast for global airline profits by 73 per cent because of stronger-than-expected demand in Europe and the Middle East.

20th September, 2011

The International Air Transport Association has raised its 2011 forecast for global airline profits by 73 per cent because of stronger-than-expected demand in Europe and the Middle East.

In Dublin this morning, Ryanair shares have risen 1.4 per cent to €3.07, while Aer Lingus shares rose 3.1% to €0.68 cents.

Carriers will earn $6.9 billion of profits this year on sales of $594 billion, a margin of 1.2 per cent, the group, whose members account for 93 per cent...

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