IATA Reports Improved Airline Profits as Year Ends
IATA director general and CEO Tony Tyler. (Photo: IATA)
IATA director general and CEO Tony Tyler. (Photo: IATA)

Strong financial performance by the world’s airlines in the second and third quarters caused the International Air Transport Association (IATA) to revise up its yearly profit forecast for carriers by 63 percent from two months ago, to $6.7 billion. The association said profits should improve to $8.4 billion next year.