IATA revises up 2012 airline profit forecast, predicts profit rise in 2013
AFPGENEVA--Airline profits are set to be healthier than initially forecast by the end of the year, the International Air Transport Association (IATA) announced Monday.
October 2, 2012, 12:05 am TWN
According to IATA, airlines are expected to earn US$4.1 billion (3.2 billion euros) in 2012, up US$1.1 billion from the US$3.0 billion forecast in June.
Looking ahead to 2013, the association sees global profits rising to US$7.5 billion on a net margin of 1.1 percent, up from the 0.6-percent net margin in 2012 but below the 1.4-percent net margin realized in 2011.