Following record profits, airlines project 'soft landing' in 2017
The world's leading association of airlines is lowering its projection for a record industry net profit this year, while predicting a 16% drop next year due to rising oil prices. The IATA forecasts profit of $35.6b this year, down from its previous projections for $39.4b due to slower economic growth and rising costs. Profit is expected to be $29.8b in 2017. IATA CEO Alexandre de Juniac said Thursday that such 2017 profits would round out the industry's best three-year performance: "That's a very soft landing and safely in profitable territory." De Juniac cited continued economic, political and security risks, but said the industry's more resilient after years of restructuring. He cautioned profits are not evenly distributed, with the best performance centred on North America.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-12-13/general/following-record-profits-airlines-project-soft-landing-in-2017
https://portal.staralliance.com/cms/logo.png
Following record profits, airlines project 'soft landing' in 2017
The world's leading association of airlines is lowering its projection for a record industry net profit this year, while predicting a 16% drop next year due to rising oil prices. The IATA forecasts profit of $35.6b this year, down from its previous projections for $39.4b due to slower economic growth and rising costs. Profit is expected to be $29.8b in 2017. IATA CEO Alexandre de Juniac said Thursday that such 2017 profits would round out the industry's best three-year performance: "That's a very soft landing and safely in profitable territory." De Juniac cited continued economic, political and security risks, but said the industry's more resilient after years of restructuring. He cautioned profits are not evenly distributed, with the best performance centred on North America.<br/>
