New Delhi: The Asia-Pacific industry, including India, is expected to deliver a robust profit of over USD 8 billion this year, the International Air Transport Association has forecast.
In its latest financial forecast update, the IATA said that just as Asia Pacific region benefitted "disproportionately" from the boost to air freight in 2017, profits for the region's carriers are likely to ease a little in 2018 as compared to 2017 as the growth in freight traffic effect waned.
Last year, this region had generated the second largest profit among all regions at USD 10.1 billion after North America.
"This year, the region along with Europe are expected to deliver net profits of USD 8.2 billion -- each contributing 25 per cent of the industry total", the airline trade body said in it latest forecast.
The collective net profit globally is expected at USD 33.8 billion in 2018 as against the earlier forecast of USD 38.4 billion, which was made in December 2017.
29/06/18 Times of India
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In its latest financial forecast update, the IATA said that just as Asia Pacific region benefitted "disproportionately" from the boost to air freight in 2017, profits for the region's carriers are likely to ease a little in 2018 as compared to 2017 as the growth in freight traffic effect waned.
Last year, this region had generated the second largest profit among all regions at USD 10.1 billion after North America.
"This year, the region along with Europe are expected to deliver net profits of USD 8.2 billion -- each contributing 25 per cent of the industry total", the airline trade body said in it latest forecast.
The collective net profit globally is expected at USD 33.8 billion in 2018 as against the earlier forecast of USD 38.4 billion, which was made in December 2017.
29/06/18 Times of India
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