The world’s airlines are set to post a collective record net profit of $33 billion for 2015 and are forecast to post another record net profit of $36.3 billion in 2016, according to IATA. Briefing journalists at IATA’s Geneva headquarters in mid-December, IATA chief economist Brian Pearce gave the latest financial forecasts for the airline industry. The overall picture is positive, with the 2015 collective net profit outlook further increased from $29.3 billion forecast in June ...

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