IATA has raised its global airline profit outlook for this year and 2014 based on a slight fall in oil prices and better industry business practices. Presenting its financial forecast at its Geneva headquarters Thursday, IATA said it expects the global airline industry to generate net profits of $12.9 billion this year and $19.7 billion in 2014. Those outlooks represent a $1.2 billion improvement in 2013 and $3.3 billion in 2014 compared with the last forecast issued in September. IATA chief ...

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