Dented by higher fuel and labor costs, global airline profits this year are set to slide from the record reached in 2017.
Net income for 2018 is likely to total $33.8B, 12% lower than a December forecast for $38.4B, according to the International Air Transport Association.
The new forecast compares with an all-time high of $38B airlines made last year, which was boosted by special accounting like one-off tax credits.
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