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Global airline industry’s 2018 net profit expected to rise: IATA

Posted By: Doraiah Vundavally December 5, 2017

Global airline industry's 2018 net profit expected to rise: IATANew Delhi, Dec 5 (IANS) The global airline industry's net profit is expected to rise substantially in 2018 due to strong demand, efficiency and reduced interest payments, a global airline association said on Tuesday.

According to a forecast by IATA, global industry's net profit is likely to touch $38.4 billion in 2018 from the $34.5 billion expected net profit in 2017.

IATA represents some 275 airlines comprising 83 per cent of global air traffic.

 

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Global airline industry's 2018 net profit expected to rise: IATA

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.