At its Annual General Meeting in Sydney, the International Air Transport Association (“IATA”) trimmed its forecast for airlines with respect to profitability for 2018. The research firm predicts that the global net profit for the industry to be $33.8 billion. This is much lower than the 2018 profitability forecast of $38.
4 billion, which was unveiled by the organization in December 2017.IATA Trims 2018 Airlines Profit Forecast Due to High Costs
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