Fewer airline chiefs upbeat about profit growth for the year
Iata survey flags tougher operating conditions from higher fuel prices and falling yields
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Singapore
SOME 40 per cent of airline heads expect profits to grow in the coming year, but this figure is down from previous years, suggesting that momentum in the profitability cycle has weakened.
The norm a few years ago was 60 to 70 per cent, noted the International Air Transport Association (Iata) in the latest Airline Business Confidence Index.
