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Airplanes and events. IATA: strong profits continue
Cancun, Mexico - Labor, Fuel and Supplier Costs on the Rise
The International Air Transport Association (IATA) revised its 2017 industry profitability outlook upwards. Airlines are expected to report a $31.4 billion profit (up from the previously forecast $29.8 billion) on revenues of $743 billion (up from the previously forecast $736 billion). In 2017 airlines are expected to retain a net profit of $7.69 per passenger. That is down from $9.13 in 2016 and...
AVIONEWS - World Aeronautical Press Agency