Airline stocks trade higher after IATA raises its profit forecast for the sector. The trade...

|By:, SA News Editor

Airline stocks trade higher after IATA raises its profit forecast for the sector. The trade group says it expects airlines to hit a profit level of $6.7B this year, up from a prior estimate of $4.1B. The lift is due to "improving efficiency and restructuring," says IATA director-general Tony Tyler.