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IATA forecasts airlines to earn US$29.3 billion in net profit in 2020

IATA expects airlines around the world to collectively post net profit of US$29.3bln in 2020 as fears of a global recession ease and oil prices stabilise.

Demand for air travel up in May but worrying signs ahead: IATA

While demand for air travel rose in May, there are signs the aviation industry faces difficult times ahead, figures from IATA show.

Virgin Australia expects 20 per cent first half profit growth

Virgin Australia says it expects to grow underlying profit before tax in excess of 20 per cent for first half of 2018/19.

Fuel prices to crimp airline profitability: AAPA

Association of Asia Pacific Airlines (AAPA) boss Andrew Herdman says rising oil prices are expected to hit airline profitability in the year ahead.

Qantas returns to record profits but warns of higher fuel prices

Qantas has sounded a note of caution about rising fuel prices in the year ahead after reporting a 15 per cent increase in full year net profit for 2017/18.

IATA forecasts airline profits to fall in 2018

The International Air Transport Association (IATA) has lowered its profit forecasts for the airline industry for 2018 amid rising fuel prices and higher costs. Airlines around the world are expected to collectively post a US$33.8 billion profit in calendar 2018, IATA director general and chief executive Alexandre de Juniac told delegates in his opening address


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