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Stories for September 24th 2010

• Friday, September 24th 2010 - 01:18 UTC

  Airlines recovery surprises and boosts profits but 2011 is forecasted as ‘austere’

  

  The International Air Transport Association (IATA) revised its 2010 industry outlook and is now projecting a profit of 8.9 billion US dollars (up from the 2.5 billion forecast in June), with Asia and Latinamerica leading. However, in its first look into 2011, IATA estimates that profitability will drop to 5.3 billion.