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Thursday, 8 December 2016

Global airlines industry to reap $29.8b in 2017 net profit | GulfNews.com

Global airlines industry to reap $29.8b in 2017 net profit | GulfNews.com:
"The global airline industry globally will make a net profit of $29.8 billion in 2017, the International Air Transport Association (IATA) said in Geneva on Thursday, announcing its financial outlook for the coming year.
For this year though, slower global economic growth and rising costs have seen the aviation watchdog revise slightly downward its outlook for airline industry profitability to $35.6 billion – a record profit, even though slightly less that its June projection of $39.4 billion.
“We forecast that the strong performance on profitability will extend into 2017. Even though we expect conditions to be more difficult, we see a safe landing safely in profitable territory,” said Alexandre de Juniac, Director-General and chief executive of IATA, who took over as the aviation body’s chief in September this year."

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