Group bolsters forecast for global airline profits

09/20/2011 | Bloomberg

An industry group has responded to robust air-travel demand in Europe and the Middle East by increasing its 2011 profit forecast for global airlines by 73%. The group estimates that carriers will earn profits of about $6.9 billion this year, up from a June prediction of $4 billion. For North American airlines, earnings are estimated to be $1.5 billion, compared with the prior forecast of $1.2 billion.

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