Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

The global airline industry will likely post a second consecutive year of net profit declines,...

  • Monday, June 11, 2012, 4:34 AM ET
    The global airline industry will likely post a second consecutive year of net profit declines, says the IATA, as the impact of the eurozone debt crisis offsets the boost from lower oil prices, stronger-than-expected growth in passenger traffic and an improved freight market. The expected industry net profit of $3B is less than half the $7.9B of 2011, and a far cry from 2010's $15.8B.
Track new comments on this story

This news story has 1 comment:

  • Losses may have been mitigated by charging for things that once were free of charge.

    Such as baggage fees that are above and beyond the quoted ticket price, each way.
    11 Jun 2012, 04:43 AM Reply Like
Other date
DJIA (DIA) S&P 500 (SPY)