(MENAFN) Airlines from the Middle East are expected to make a net profit of USD1.6 billion this year,and USD2.4 billion next year, Arabian Business reported.
The International Air Transport Association (IATA ) said that margins will keep improving in the region as they will rise from 3.8 percent in 2013 to 4.7 percent in 2014.
IATA said in a statement: "Strong oil revenues " as oil prices stay high " continue to support travel generated by domestic activity and the development of the tourist industry. The Syrian crisis has not impacted traffic beyond its borders."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.