INQUIRER.net: Airlines to post $12.7B profit in 2013—IATA

INQUIRER.net Philippine News for Filipinos

Airlines to post $12.7B profit in 2013—IATA Jun 3rd 2013, 23:10 CAPE TOWN—Global airlines are set to post profits of $12.7 billion (9.8 billion euros) this year, the International Air Transport Association (IATA) forecast on Monday, revising higher a previous estimate.   This compared to $7.6 billion in profits made last year and was an improvement on a March forecast of $10.6 billion.   If confirmed, it would make 2013 the industry's third-best year since 2001.   But IATA head Tony Tyler said business was "still tough" and noted that airlines were operating with a 1.8-percent profit margin.   This was a "four dollar profit per passenger, less than the price of a sandwich in most parts of the world," he t... Keep on reading: Airlines to post $12.7B profit in 2013—IATA Media files: iata-logo.jpg (image/jpeg)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions