Europe’s mounting financial crisis is dragging down worldwide airline profitability this year, according to a revised industry forecast from the International Air Transport Association (IATA).
IATA Simplifying the Business
Airlines appear headed for another bumpy ride in 2012, according to the International Air Transport Association (IATA), which last week slashed $1.4 billion from its forecast profits for member carriers.
Airports and airlines share common interests in making aviation safer, more secure, user-friendly, operationally efficient and environmentally responsible, so they need to renew their agenda to build their relationships, Tony Tyler, director-general of IATA, told attendees at Airports Council International’s (ACI) World Annual General Assembly in Marrakech, Morocco. He outlined six areas of