Being profitable is not something airlines should have to apologize for, the chief of IATA said at an aviation conference in New York Feb. 25. Speaking at the Aviation Day conference, IATA CEO and DG Tony Tyler said the airline industry was changing—and becoming more sustainably profitable—because of “a lot of hard work and the confluence of some key factors.” “We expect that airlines will deliver a $36 billion profit in 2016, for a 5.1% net margin. While ...

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