Airlines have never been more profitable, so what’s the hitch?
Globally, the International Air Transport Association (IATA) expects 2011 to be much tougher for airlines than last year as fuel costs continue to rise and added capacity is beginning to affect load factors and yields. IATA predicts a combined industry profit of $9.1 billion for 2011, which is equivalent to a margin of just 1.5%. Director General/CEO Giovanni Bisignani believes airlines will be burdened with $17 billion more in fuel costs and can no longer expect the strong improvement ...
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