IATA said airline profitability remained weak in the first quarter as traffic and yields declined, offsetting the benefits of lower fuel prices and capacity cuts, but "pessimism about the outlook ahead. . .has softened somewhat," according to its latest Airline Business Confidence Index released yesterday. IATA's survey of airline members revealed that carriers "have on balance moved away from indicating significantly further reductions in profitability," the organization said. "The sharp ...

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