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IATA. Civil aircraft: industry 2011 profit outlook slashed to $4 billion
Singapore, Singapore - High oil prices, natural disasters, and political unrest take their toll
"The International Air Transport Association (IATA) further downgraded its 2011 airline industry (civil airplanes)profit forecast to $4 billion. This would be a 54% fall compared with the $8.6 billion profit forecast in March and a 78% drop compared with the $18 billion net profit (revised from $16 billion) recorded in 2010. On expected revenues of $598 billion, a $4 billion profit equates to a 0.7%...
fra/pec - 1130502
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency