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IATA: stagflation threatens industry outlook

Santiago, Chile - For about USD 4.5 billion

"The International Air Transport Association (IATA) downgraded its industry profit expectations for 2008 to USD 4.5 billion based on global economic growth slowing to 2.6% and an average annualised oil price of USD 86 per barrel (Brent Crude). This is the second downgrading of the 2008 forecast. In September 2007 IATA predicted a USD 7.8 billion profit for this year. The initial impact of the credit...

fra/pec - 1087903
Rome, Italy, 04/02/2008 17:04
AVIONEWS - World Aeronautical Press Agency

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