Higher than expected oil prices have prompted IATA to push down its 2014 global industry outlook by $1 billion, but airlines are still expected to deliver a second consecutive year of improved profitability. Briefing media Wednesday, IATA DG and CEO Tony Tyler said an industry profit of $18.7 billion is now forecast for this year, down from the previously forecast $19.7 billion. The main driver of the downgrade is concern about higher oil prices, which are now expected to average ...

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