IATA raised its profit outlook for 2007 on stronger-than-anticipated economic growth in Europe and Asia that has caused airline revenue growth to come in higher than previously believed. The organization now expects carriers to earn $5.1 billion this year, up from an April forecast of $3.8 billion. Citing the industry's success in cutting costs, DG and CEO Giovanni Bisignani told attendees yesterday at the IATA AGM in Vancouver, "Your hard work is improving your bottom line. . .Five years ...

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