IATA ups 2010 outlook for airlines; 2011 results to be weaker
IATA again upwardly revised its 2010 outlook following a strong first half to the year, with the organisation now projecting a profit of USD8.9 billion – up from the USD2.5 billion profit forecast in Jun-2010 and a USD2.8 billion loss forecast as of Mar-2010 – on revenues of USD560 billion, commenting that the “industry recovery has been stronger and faster than anyone predicted”. However, IATA warned that profitability for 2011 will drop to USD5.3 billion (with a 0.9% margin), stating 2010 is “as good as it gets for this cycle”.
