from DailyFinance.com by Douglas McIntyre
Filed under: Company News, Economy, Video, Market News
The International Air Transport Association, the global industry group, has cut its 2011 profit forecast for the industry in half, and fares are on the rise. The IATA said it “further downgraded its 2011 airline industry profit forecast to $4 billion. This would be a 54% fall compared with the $8.6 billion profit forecast in March and a 78% drop compared with the $18 billion net profit (revised from $16 billion) recorded in 2010.”
The IATA blamed the troubles in Japan, North Africa, and the…
http://www.dailyfinance.com/2011/06/06/airline-industry-slashes-profit-forecast-as-ticket-prices-keep-r/ ">Airline Industry Slashes Profit Forecast as Ticket Prices Keep Rising
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