IATA hikes 2010 airline profit forecast to record high

14th December 2010, Comments 0 comments

Top airline industry association IATA on Tuesday raised its forecast for airline profits in 2010 to a record 15.1 billion dollars, from 8.9 billion dollars, as economic conditions improved.

"Our forecast for net post-tax profits in 2010 has been raised to 15.1 billion dollars (11.3 billion euros), up from our previous forecast of 8.9 billion dollars," said Bryan Pearce, chief economist of the International Air Transport Association.

"That is a record in terms of dollars," Pearce said.

© 2010 AFP

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