The International Air Transport Association (IATA) is lifting its profit forecast for the global airline industry in 2013 to $12.7 billion, thanks partly to lower oil prices and average load factor rising above 80% for the first time. The latest forecast, released at IATA’s annual general meeting in Cape Town, is $2.1 billion higher than its last prediction issued in March. It also is a significant improvement from the 2012 profit of $7.6 billion. The trade group says it will be the ...
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