NEWS IATA AGM 2015: North American airlines drive aviation profits higher

Officials at the International Air Transport Association have announced an upward revision of its 2015 industry outlook to a $29.3 billion net profit. On expected revenues of $727 billion, the industry would achieve a four per cent net profit margin. The significant strengthening from the $16.4 billion net profit in 2014 reflects the net impact of several global factors, including stronger global economic prospects, record load factors, lower fuel prices, and a major appreciation of the US dollar.