Airline industry expected to see growth - KWWL - Eastern Iowa Breaking News, Weather, Closings

Airline industry expected to see growth

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GENEVA (AP) -- The International Air Transport Association says airlines will see net profits of $15.1 billion in 2010 due to a better-than-expected economic recovery and strong growth in Asia.  That's improved over IATA's September prediction of an $8.9 billion industry profit.  But there are concerns that 2011 could be more challenging for the industry as heavy debts and added taxes weigh on consumer travel spending in North America and Europe.

The Geneva-based group representing some 230 international airlines forecasts net profits of around $9 billion for the industry in 2011.

 

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