Tuesday, December 13, 2011

Fearing EU banking crisis, IATA downs drastically airline 2012 profits forecast

Tony Tyler, IATA Director General and CEO: whenever global growth falls below 2% airline industry profits turn into losses The International Air Transport Association (IATA) announced revisions to its industry outlook with profitability for 2011 remaining weak but unchanged at 6.9 billion dollars for a net margin of 1.2%.

Source: http://en.mercopress.com/2011/12/13/fearing-eu-banking-crisis-iata-downs-drastically-airline-2012-profits-forecast?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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