You are here

Iata trims global profit forecast by US$1b

It cites higher fuel prices triggered by Ukraine crisis but adds that industry upturn will continue

Mr Tyler: One risk in particular is the situation in Venezuela where the government is blocking airlines from repatriating some US$3.7 billion of their money. - FILE PHOTO

THE International Air Transport Association (Iata) has cut its global profit forecast by US$1 billion to US$18.7 billion for the airline industry in 2014, no thanks to higher fuel bills caused by the Ukrainian crisis. "Some risks are quite obvious. The situation in the Ukraine is causing

Market voices on:

Powered by GET.comGetCom