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IATA. Eurozone crisis biggest risk to profits
Geneva, Switzerland - Regional differences widen
The International Air Transport Association (IATA) announced revisions to its industry outlook. For 2011, profitability remains weak but unchanged at 6.9 billion dollars for a net margin of 1.2%. Looking ahead to 2012, IATA downgraded its central forecast for airline profits from 4.9 billion dollars to 3.5 billion dollars for a net margin of 0.6%. The Eurozone crisis puts severe downside risk on...
AVIONEWS - World Aeronautical Press Agency - 1136253
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency