Mideast airlines expected to post a net profit of $1.3bn this year:
"Middle East airlines, driven by Qatar Airways and some other GCC-based carriers, are expected to post a net profit of $1.3bn this year, up from $1bn clocked in 2017, the International Air Transport Association (IATA) said here yesterday.
This, according to IATA’s director general and CEO Alexandre de Juniac, translates into $5.89 per passenger compared with $4.81 in 2017.
Middle East airlines, an IATA report presented at the World Air Transport Summit at the International Convention Centre here yesterday, showed generating a recovery, though more muted than in Latin America. The rise of oil prices is helping revenues and the oil-based economies in the region, aero-political relations with the US have improved, while the Gulf airlines have substantially curbed growth. "
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