Airlines brace for a bumpy ride
After regaining profitability for the first time since 2000, the world’s airlines are heading for another downturn, predicts U.S.-based analyst Forecast In

After regaining profitability for the first time since 2000, the world’s airlines are heading for another downturn, predicts U.S.-based analyst Forecast International in its latest long-term outlook for the industry.

“To say the least, the next few years will be a challenging time for airlines,” says the report, released just before the air show. From a high point reached in 2007, when airline profits reached an estimated $5.6 billion, the industry will likely post a net financial loss this year. “If the industry does manage to achieve a net profit in 2008 it will be significantly lower than in 2007,” according to Forecast International.