IATA sees 2008 profit falling to $5 billion from $5.6 billion this year
IATA lowered its forecast for 2008 worldwide industry earnings by 35.9% to $5 billion from $7.8 billion previously, citing rising fuel prices and the "broadening impact of the credit crunch." Its outlook for full-year 2007 earnings remained unchanged at $5.6 billion ( ATWOnline , Sept. 18) . "For...
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