The world’s airlines are expected to post a collective net profit of $32.3 billion in 2018 and to follow that with a $35.5 billion net profit in 2019, which will be the industry’s 10th consecutive year of profitability. But maintaining that positive trend will be no breeze. “There is a lot of uncertainty and volatility in politics and financial markets today,” IATA chief economist Brian Pearce told media in mid-December as the organization released its 2019 industry ...

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