IATA yesterday boosted its forecast for full-year 2007 global airline industry earnings by 9.8% to $5.6 billion but lowered its projection for 2008 by 18.8% to $7.8 billion. The organization's projection for airlines' worldwide collective 2007 net profit is up from the $5.1 billion forecast in June (ATWOnline, June 5). It said the upgrade was warranted despite rising oil prices. "Higher oil prices were more than offset by stronger-than-expected demand for passenger traffic and a general ...

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