- The IATA expects global airlines to post profits of $12.9B this year to represent a margin of 1.8% of revenue. Last year, the industry saw a profit margin of 1.1%.
- Profits are expected to soar to $19.7B in 2014 which reps a healthier margin of 2.6%.
- Though global traffic trends are mixed, business travel has been a boon in key markets.
- Related stocks: AAL, UAL, DAL, RYAAY, CPCAY, SINGY, CEA, ZNH, CPA, GOL, LFL, DLAKF, AIDIF, QUBSF, JBLU, RJET, SAVE, ALK, HA, AIRYY, MLYAF, AFLYY.
Forecast: Global airline profits set to rise
Dec 12 2013, 07:04 ET