date: // code: 76556 // ٬ // // // //

Iata cuts 2018 global airline profit forecast on escalating costs

The International Air Transport Association (Iata) expects airlines to make US$33.8 billion this year, cutting its forecast from US$38.4 billion previously, owing to headwinds from escalating costs.

Iata cuts 2018 global airline profit forecast on escalating costs

The global airline association pointed to higher fuel and labour costs as well as the upturn in the interest rate cycle weighing down the industry’s performance this year. Against an annual revenue of US$834 billion, this translates to an average profit per passenger of US$7headwinds .76, or a slim profit margin of 4.1 per cent.

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