IATA triples 2010 airlines' profits to 8.9 billion dollars

21st September 2010, Comments 0 comments

The International Air Transport Association more than tripled on Tuesday its forecast for airline industry profits this year to 8.9 billion dollars from 2.5 billion dollars forecast previously.

But IATA said in its first estimate of results for the industry next year that profits for the sector, widely seen as an indicator of general economic activity, would then drop to 5.3 billion euros (4.0 billion euros).

© 2010 AFP

0 Comments To This Article