The world's airlines posted a cumulative second-quarter net profit of $2.32 billion, down 40% from $3.71 billion in the year-ago period, IATA reported. For the first time in eight quarters, airline profits declined, with the exception of Europe, IATA said in its latest Airlines Financial Monitor released Wednesday. Global operating profit for the second quarter ended June 30 was $3.94 billion, down 43% from $6.95 billion in the year-ago quarter, according to the report. IATA last ...

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