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June 6, 2011
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- IATA drastically lowers the expected profit of the air transport
- Expected profits of four billion dollars
 The International Air Transport Association (IATA) has dramatically lowered the profit forecast that airlines achieved during 2011. The new estimate, reported today by the association, is four billion dollars compared to a forecast of $ 8.6 million made just last March. For this year, are also expected revenues of 598 billion dollars compared to 554 billion dollars in 2010, the year in which the profit of the sector amounted to 18 billion dollars.
- "Natural disasters in Japan, the unrest in the Middle East and North Africa, in addition to the sharp rise in oil prices - said the director general and CEO of IATA, Giovanni Bisignani - have reduced their profit expectations for this industry 'year to four billion dollars. The fact that this year we are not doing business, combined with these unprecedented events, results in a very fragile balance.The efficiency gains of the last decade and the strengthening of the global economic scenario have balanced the increase in the price of fuel. However, with a meager margin of 0.7%, remains little protection against other shocks. "
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