IATA Boosts Profit Forecast with Guarded Optimism
AIN AIR TRANSPORT PERSPECTIVE » MARCH 25, 2013
IATA’s improved profit forecast for 2013 shows Asia-Pacific carriers surging ahead of growth rates for airlines in other regions. Air China’s order earlier this month for a mix of new Boeing 747-8s, 777-300ERs, 737-800s and 777 Freighters underscored the trend. (Photo: Boeing)
March 25, 2013, 11:25 AM
The world’s airlines will achieve somewhat higher than expected profits this year, according to the latest projections from the International Air Transport Association (IATA). The industry group now expects its members to post a combined net post-tax profit margin of 1.6 percent this year (up from the earlier projection of 1.3 percent) on net income of $10.6 billion (up from $8.4 billion).
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