IATA has boosted its forecasted 2015 collective net profit for the world’s airlines to $29.3 billion, up 47.2% over a net profit of $19.9 billion projected by the organization in December 2014. “For the first time in our history, the airline industry as a whole will earn its cost of capital,” IATA DG and CEO Tony Tyler told reporters Monday at the IATA AGM in Miami. Tyler played down the significance of lower fuel prices in the industry’s expected strong performance ...

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