IATA yesterday said airlines that already have reported their third-quarter results earned a net profit of $400 million, reversed from a net loss of $1.5 billion in the year-ago period, but maintained its forecast for an $11 billion full-year loss owing a $6 billion first-half deficit and the fact that "Q4 is usually loss-making." In its Airlines Financial Monitor, the organization said, "travel volume growth turned positive in September for the first time in a year with international RPKs ...

Subscribe to Access this Entire Article

"IATA maintains $11 billion loss forecast despite profitable third quarter" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.