IATA upgrades 2011 airline industry profit forecast but warns of weaker 2012
IATA this week raised its net post-tax profit forecast for the global airline industry in 2011 to USD6.9 billion, after downgrading the prediction from USD8.6 billion to USD4 billion in Jun-2011. Despite a better than expected performance in the passenger business in 1H2011, IATA is warning 2012 will be a year defined by “sluggish growth and weak profits” with a forecast net profit of only USD4.9 billion.
