The International Air Transport Association predicts overall air traffic will grow in 2012, but global carriers will be forced to deal with slipping profits. IATA expects profitability of airlines to fall again next year. "The European debt crisis continues to deepen. We have not seen the job creation needed to put the U.S. recovery on track. And the challenges of the political situation in the Arab world also could well continue into 2012," said Tony Tyler, the group's CEO and director general.
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