Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

ME carriers 2012 profit to drop to USD800m  Join our daily free Newsletter

MENAFN - 16/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) The International Air Transport Association's (IATA) director general and CEO, Tony Tyler, stated that profits of carriers in the Middle East are forecasted to drop by USD200 million from 2011 to USD800 million, reported Arabian Business.

Tyler attributed the decline to the Arab Spring and the ongoing political and social instability in the region.

Nevertheless, he noted that in 2013, profits of the region's airlines are expected to reach USD1.1 billion, a growth of USD300 million from this year's projected figure.

Furthermore, in 2013, margins are also expected to increase to 3 percent.

It is worth noting that globally, carriers are forecasted to post a profit of USD6.7 billion in 2012, up from the projected USD4.1 billion in October.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help