Finance, Taxes, Insurance
IATA Adjusts Profit Forecast Upward
Industry group now expects world's airlines to make $19.9 billion this year.
IATA expects North American airlines to turn a collective profit of $11.9 billion this year. (Photo: Airbus)
IATA expects North American airlines to turn a collective profit of $11.9 billion this year. (Photo: Airbus)

The International Air Transport Association (IATA) has adjusted its airline profit outlook for this year from its June projection of $18 billion to $19.9 billion, reflecting lower oil prices and stronger than expected worldwide GDP growth. According to the group’s Economic Performance of the Air Transport Industry report, airlines’ collective net profit will rise to $25 billion next year, as continued low fuel prices and strong economic growth drive positive results in all regions examined by IATA.