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IATA (2): strong performance sustains profitability
Cape Town, South Africa - 1.8% net margin despite weak economies and high oil prices
The International Air Transport Association (IATA) upgraded its global outlook for the airline industry to a $12.7 billion profit in 2013 on $711 billion in revenues. This is $2.1 billion better than the $10.6 billion profit projected in March of this year and an improvement on the $7.6 billion profit generated in 2012. Margins remain weak. On revenues that are expected to total $711 billion this...
AVIONEWS - World Aeronautical Press Agency