IATA Sees Big Boost In Airline Profits

By Jens Flottau jens@flottau.com

The International Air Transport Association (IATA) has upgraded its forecast for 2010 profits; it expects its members to reach $15.1 billion in profits this year, significantly more than the $8.9 billion it anticipated in its last forecast earlier this year.

However, IATA cautioned that 2011 will be more difficult with profits contracting to $9.1 billion ...

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