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IATA transport by airplane. Weak economy and profits: 2012 will be also more difficult
Singapore, Singapore - Oil-prices will be 30% of industry costs
The International Air Transport Association (IATA) announced an upgrading of its industry (transport by airplane) profit expectations to $6.9 billion (up from $4.0 billion projected in June). IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industry’s total revenues of $594 billion. In its first look at 2...
AVIONEWS - World Aeronautical Press Agency - 1134023
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency