IATA is set to cut its forecast for this year’s airline industry profits as fuel prices continue to rise more quickly than expected. IATA is scheduled to release its next industry financial forecast on June 4 during the group’s annual general meeting (AGM) in Sydney. Speaking at an Australasian Aviation Press Club event before the AGM, IATA director general Alexandre de Juniac signaled that the profit forecast will be revised downward. In the last forecast in December, IATA ...

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