IATA boosted its 2016 global airline net profit forecast by 8.5% from its December 2015 forecast to $39.4 billion, citing lower fuel prices and improving airline efficiency. Speaking to reporters Thursday at the IATA AGM in Dublin, IATA DG and CEO Tony Tyler said the main difference between the new forecast and the previous projection is that per barrel oil prices are now expected to average $45 for the full year, down from December’s assumption of over $50 per barrel. But he and IATA ...

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