Low-fare carriers in Asia are mostly to thank for a billion-dollar increase in the profits forecast for airlines in 2012 by the International Air Transport Association ( IATA). But profits will still be more than 50% down from last year and the improvement expected next year will not bring airlines back to the healthier levels of 2011 or 2010. In June, IATA estimated the world's carriers would collectively post a $3 billion profit. Now the trade group has revised that figure upward to ...


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