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. According to Chief Economist Brian Pearce, the rebound of the global economy, combined with a much better operational performance, ...

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