IATA Members' Net Profit Was Better-Than-Expected $5 Billion
IATA carriers earned $5 billion in net profits in 1997, said Director General Pierre Jeanniot yesterday in Montreal, more than his forecast of $4.5 billion last November. World airlines experienced a 2.7% yield decline last year but a 2.2% unit cost decrease. Industry revenues reached $145.7 billion...
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