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Airlines cling to profit outlook, wary on Europe

yahoo.com (2 years and 1 month ago)

Jun 11, 2012

BEIJING (Reuters) - Global airlines maintained their profit forecast for 2012 on Monday but the industry was braced for Europe's debt crisis to worsen and wipe out the benefit of cheaper oil. The International Air Transport Association (IATA) left this year's global airline profit forecast unchanged at $3 billion, or 0.5 percent of industry revenues, at a summit of airline chiefs being held this year in Beijing. ... full story

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Airlines cling to profit outlook, wary on Europe

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