IATA Raises Airline Profit Forecast, But Returns Thin | Aviation International News

IATA Raises Airline Profit Forecast, But Returns Thin

IATA director general Tony Tyler

By AIN Staff • AIN Staff

December 16, 2013

Riding the favorable winds of increasing passenger traffic, slightly better fuel prices and revenues from ancillary services such as baggage fees, the world’s airlines should post record absolute profits in 2014, according to the International Air Transport Association (IATA). But some parts of the air transport system, particularly cargo and business-class passengers, remain at pre-recession levels.

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