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The airline industry has raised its projected profits to $4.1 billion this year from its previous estimate of $3 billion. The International Air Transport Association blames Europe's economic crisis , high oil prices and low business confidence for
Monday 11 June 2012 Global airlines are bracing for Europe's debt crisis to worsen during the year, warning it would wipe out the benefit to the industry of cheaper fuel prices...Middle East carriers are expected to post profits of $0.4 billion, down
The flagship Australian air line has been experiencing heavy losses on international routes while stlll doing well domestically. The CEO Al Joyce said:"We have taken decisive action to mitigate losses in Qantas international by
Global airline earnings will likely drop 29 percent next year as Europe's debt crisis and higher costs pinch profitability, the International Air Transport Association said Tuesday. The industry's earnings will likely fall to $4.
The new forecast by the International Air Transport Association was better than its original projection of $4.0 billion made in June...Global airlines earned $16 billion in 2010 as the world economy emerged from a financial crisis that began in late
March estimated 2011 profits of $8.6 billion. Bisignani said the earthquake and tsunami in Japan, uprisings in the Middle East and North Africa and higher jet fuel prices are hurting airline profits this year.
Bisignani also pointed the finger at Japan's earthquake, tsunami and subsequent nuclear scare and the political unrest in the Middle East, which have added to the gloomy outlook. Singapore, Bisignani said: "This year started in a terrible way."...
Director-General Giovanni Bisignani as more worthy of a charity than an industry down from 2.9 percent in 2010. Bisignani told a news conference that increased taxes such as levies on ticket prices were another threat to the struggling industry,
Airports have been expanding to meet the rising demand for air travel...The oil price hit a two-and-a half-year high of $115 per barrel on Wednesday. There have been concerns about oil supplies being affected as unrest in Libya and the Middle East
IATA (International Air Transport Association) represents 230 airlines with over 90 per cent of global scheduled traffic. It forecasts an increase in profits for the airline of 70 per cent with a record 15.1 billion in profits. Just back in