Airline confidence in pricing deteriorates but some recovery in profitability outlook: IATA
The prospects for airlines to further raise fares waned in 2Q2011 although airline executives are upbeat about the next 12 months following a tough 2Q2011 in which profits felt the effect of events in the Middle East, North Africa and Japan, according to IATA in its Airline Business Confidence Index. The improved expectations on the profitablity outlook have occurred on the back of a positive outlook for traffic demand growth, reduced fears of further significant rises in fuel costs and optimism about the broader economic outlook.
