Airline industry set for record profit in 2018 – IATA

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The world’s airline industry is set for another year of record profit in 2018, thanks to improving global economies and robust travel demand.

The International Air Transport Authority (IATA) stated this on Tuesday.

IATA is saying industry profits are expected to rise to 38.4 billion dollars in 2018, from 34.5 billion dollars in 2017.

“Industry profitability is on a more sustained path,” IATA chief economist, Brian Pearce, said.