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Trade turbulence pushes airline profits lower
AFP
| 2019/12/11 | 300 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Global trade tensions have sent airline profits into a descent, the industry's trade association said Wednesday, and while profitablity is expected to rebound next year it will unlikely match the level hit in 2018.The global airline industry is expected to earn $25.9 billion (23.4 billion euros) in 2019, down 14 percent from the $30 billion in net profits it recorded last year.The figure is also considerably lower than the $28 billion in net profits that IATA forecast for the industry in Jun...(…)
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