The global airline industry is on a path toward financial sustainability, but will need to become more efficient and use new processes if it is to cope with the forecast doubling of passengers carried annually in 20 years, the head of IATA warned Tuesday. Addressing the IATA World Passenger Symposium in Hamburg Oct. 20, IATA DG Tony Tyler said the association expects to see a 2015 industry net profit of $29.3 billion on revenues of $727 billion, for a net profit margin of 4%, generating a ...

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