Airlines slash profit forecast as costs soar

4 Jun 2018 21:02:13

bbc.com

The International Air Transport Association has cut its profit forecast for 2018 by 12% to $33.8bn (£25.3bn).

IATA, which is holding its annual meeting, said rising interest rates and trade tensions would also hit profits.

Airlines earned a record $38bn in 2017, although this was distorted by several one-off changes, such as tax credits.

Read full story: bbc.com

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