IATA survey points to lower profitability
Recent terrorist attacks and increased pressure on yields have dampened hopes among airline chiefs for improvements in profitability over the next 12 months. That's according to a survey conducted earlier this month by IATA, which compiled the views of airline CFOs and heads of cargo operations. While the latest financial results from Q1 continue to indicate a robust start to the year for industry profitability, July's survey suggests that profitability fell slightly in year-on-year terms during Q2. That airline CFOs and cargo heads do not expect further improvements in profitability over the next 12 months, however, does not signal an imminent drop in profitability, IATA said. The latest forecast issued by the IATA last month envisaged the global airline industry this year would pull in US$39.4b in net profit, up from $35.3b in 2015. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-19/general/iata-survey-points-to-lower-profitability
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IATA survey points to lower profitability
Recent terrorist attacks and increased pressure on yields have dampened hopes among airline chiefs for improvements in profitability over the next 12 months. That's according to a survey conducted earlier this month by IATA, which compiled the views of airline CFOs and heads of cargo operations. While the latest financial results from Q1 continue to indicate a robust start to the year for industry profitability, July's survey suggests that profitability fell slightly in year-on-year terms during Q2. That airline CFOs and cargo heads do not expect further improvements in profitability over the next 12 months, however, does not signal an imminent drop in profitability, IATA said. The latest forecast issued by the IATA last month envisaged the global airline industry this year would pull in US$39.4b in net profit, up from $35.3b in 2015. <br/>
