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The IATA's forecast for 2012 airline industry profits lit a charge under stocks in the sector...
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Thursday, December 13, 2012, 2:34 PM ETThe IATA's forecast for 2012 airline industry profits lit a charge under stocks in the sector for the day, but the group also sees clear skies ahead in 2013. Fuel prices should fall lower and passenger demand will increase by 4.5%, according to IATA estimates. Things are even rosier for North American carriers, with profits expected to jump 42% Y/Y to $3.4B. In the big picture, the targeted capacity cuts at airlines may finally stay to pay dividends.
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