The International Air Transport Association (IATA) has downgraded its 2011 profit guidance for the airline industry in spite of higher-than-expected demand. IATA believes its members will make an $8.6 billion combined profit this year, down from the $9.1 billion expected late last year. The revised profit prediction amounts to a 46% fall from last year’s level, when airlines reached a $16 billion profit, the highest in the history of airlines. The downgrade looks small, but behind it ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "IATA Forecast Sees Higher Demand, But Smaller Profit For 2011".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.