IATA Predicts 5.1% Profit Margin For Airlines In 2016

IATA has announced its airline industry outlook for 2016 which forecasts an average net profit of 5.1 per cent being generated with total net profits of $36.3bn.

IATA has announced its airline industry outlook for 2016 which forecasts an average net profit of 5.1 per cent being generated with total net profits of $36.3bn.

IATA also revised its airline industry outlook for this year to airlines achieving upwards to a net profit of $33bn (4.6% net profit margin) from the $29.3bn forecast in June.

IATA attributed the surge to lower fuel prices, stronger passenger demand, efficiency gains and a stronger economic performance in “some key economies”.

The airline body also predicted total passenger numbers are expected to rise to 3.8 billion traveling over some 54,000 routes in 2016.

TAGS: Europe
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