IATA upgrades 2013 airline financial outlook

IATA has slightly improved its 2013 financial outlook for the world’s airlines, citing strong passenger demand and signs that cargo markets are starting to grow again. IATA now expects airlines to produce a combined net post-tax profit margin of 1.6%, up from the previously forecast 1.3%, with a net post-tax profit of $10.6 billion, up from the previously projected $8.4 billion. “Industry profits are taking a small step in the right direction. Against a backdrop of improved ...