- IATA cuts its estimate for global airline profits in 2013 to $11.7B, a reduction of 8% from a prior forecast.
- The association notes higher oil prices are the main factor for taking a dimmer view of profits for the sector.
- Related stocks: Delta Air Lines (DAL), United Continental (UAL), US Airways (LCC), Ryanair (RYAAY), Cathay Pacific Airways (CPCAY.PK), Singapore Airways (SINGY.PK), China Eastern Airlines (CEA), China Southern Airlines (ZNH), Copa Holdings (CPA), Gol Linhas (GOL), and Latam Airlines (LFL).
The IATA lowers profit forecast for global airliners
Sep 23 2013, 10:53 ET