The world’s airlines in the aggregate will be profitable this year, but the challenge is how to raise operating margins to be more in line with other industries. The International Air Transport Association (IATA) predicts airlines will generate $18 billion in profits this year, but this is not a cause for celebration, Director General Tony Tyler said at IATA’s annual general meeting here last week. “The brutal economic reality is that on revenues of $746 billion, we will ...

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