IATA

The International Air Transport Association (IATA) reported that it now projects member airlines to make a net profit of $4 billion this year, lower than its earlier March forecast of $8.6 billion. IATA also expects lower passenger and cargo demand. Profits in Asia are expected to drop by 80%...

For the first time since 2007, industry group, the International Air Transport Association announced that it expects a profit of $2.5 billion in 2010. The IATA reported that traffic is back to pre-recession levels and although recent problems in Europe stemming from the debt debacle and volcano...