IATA has raised its 2013 net profit outlook for the world’s airlines by almost $1 billion based on improved financial performances in the second and third quarters. Expected net post-tax profits for next year are $8.4 billion, up from a previous forecast of $7.5 billion, IATA DG Tony Tyler said Thursday in Geneva, where the organization issued its global economic outlook. World airline financial performance improved significantly in the second and third quarters of this year, ...

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