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IATA: outlook downgraded to USD 8.6 billion
Geneva, Switzerland - High oil price cuts airline profits by almost 50%
The International Air Transport Association (IATA) downgraded its airline industry outlook for 2011 to $8.6 billion from the $9.1 billion it estimated in December 2010. This is a 46% fall in net profits compared to the $16 billion (revised from $15.1 billion) earned by the industry in 2010. On expected industry revenues of $594 billion, the $8.6 billion 2011 profit equates to a net profit margin...
fra/pec - 1126431
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency