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IATA: new financial forecast predicts 2008 downturn

Geneva, Switzerland - From USD 5.6 billion in 2007 falling to USD 5.0 billion in the next year

"The International Air Transport Association (IATA) released a new industry financial forecast estimating a global industry profit of USD 5.6 billion in 2007 falling to USD 5.0 billion in 2008. The outlook is unchanged for 2007 at USD 5.6 billion. Higher oil prices (full-year average forecast of USD 73 per barrel) were offset by strong traffic growth (5.9% for passenger traffic) and even stronger...

fra/pec - 1083444
Rome, Italy, 12/13/2007 12:11
AVIONEWS - World Aeronautical Press Agency

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