Airline profitability remains uneven geographically, with carriers in much of the world struggling to earn a profit even as the overall industry continues to generate record revenue and earn robust annual income. IATA issued its latest 2018 global airline profit forecast June 4 during its AGM in Sydney. The new forecast cuts expected profit by 12% to $33.8 billion, with higher-than-expected fuel prices the main factor. This will still make 2018 one of the industry’s the strongest ...

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