IATA has revised its global airline industry profit forecast for 2017 upwards by 5.4% to a net profit of $31.4 billion, citing a stronger than expected world economy.   While the new forecasted net profit for 2017 is higher than the $29.8 billion net profit projected by IATA in December 2016, it will still represent a dip from the industry’s 2016 net income of $34.8 billion, according to IATA.   Passenger traffic is now expected to grow 7.4% year-over-year (YOY) in 2017, ...

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