Sunday, 18 February 2018 07:18 GMT
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Qatar- IATA expects airline profits to hit $18 bn in 2014

(MENAFN - Arab News) Doha: the international air and transport association said it expects airline companies to record combined net profits of $18 billion this year.

revenues were forecast to reach $746 billion iata directer general tony tayler said in doha qatar pointing out that net margins stood to average 2.4 percent only.

"it sounds impressive. but the brutal economic reality is on revenues of $746 billion we will earn an average net margin of just 2.4 percent" he said.

the amounted to less than $6 per passenger he added.

iata said in march that some 240 carriers representing 84 percent of global air traffic had revised down their profit forecast for 2014 to $18.7 billion from $19.7 billion.


Qatar- IATA expects airline profits to hit $18 bn in 2014

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