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Iata trims profit forecast for 2008

Geneve, Switzerland - Due to oil-surge and credit crunch

The International Air Transport Association (IATA) , which represents 280 airlines for a total amount of 95% of the global air traffic, cuts back its profit forecast for the civil air transport industry in 2008. The reasons: rise in oil prices and crisis of the credit system, following the subprime loans case in the United States. If thus in September IATA had estimated, with a crude oil price of USD...

AVIONEWS - World Aeronautical Press Agency - 1083404
Rome, Italy, 12/12/2007 15:07
AVIONEWS - World Aeronautical Press Agency

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