IATA Downgrades Airlines’ Net Profit Outlook for 2019 | Aviation International News

IATA Downgrades Airlines’ Net Profit Outlook for 2019

The industry association blames rising costs and trade tensions for the likely fall in airline profitability.

By Cathy Buyck • Contributor - Europe

June 2, 2019

The International Air Transport Association upheld its outlook that 2019 will mark the tenth year of profit and the fifth consecutive year where airlines deliver a return on capital that exceeds the industry’s cost of capital. However, profits will come in lower than initially expected due to rising costs and a weakening of world trade. IATA said on Sunday that net income for 2019 will likely total $28 billion, which is almost a fifth lower on its initial forecast of $35.5 billion released in December.

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