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IATA revises up 2012 airline profit forecast, predicts profit rise in 2013

GENEVA--Airline profits are set to be healthier than initially forecast by the end of the year, the International Air Transport Association (IATA) announced Monday.

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.

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