IATA increases 2015 airline industry profit forecast by 47% - and other news

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Much airline news stemming from IATA’s AGM in Miami. The biggest, perhaps, being that the industry’s collective net profit is up 47.2% on forecasts made in December. This ether means that things have gone spectacularly well for some of them – or that IATA’s forecasting is seriously off. Either way, this year’s profit is set to be $29.3bn, (on an average net profit margin of 4%). Let’s hope some of this money translates into investment in cargo.

Other news is that ...