IATA: Trade Tensions To Hit 2019 Airline Profit Outlook
IATA Director General Alexandre deJuniacis warning of lower profit forecasts for the airline industry in 2019, triggered by increasing trade tensions and higher costs.
“I am a bit worried and I am sorry to tell you that I think we are at a turning point,” he told a meeting of aerospace industry officials in Paris.
Trade tensions are already hurting cargo demand andpaxdemand is sure to be affected too, he added.
In DEC, the IATA trimmed its 2019 global airline industry profit forecast to $35.5 billion from $38 billion, and deJuniacsuggested the industry group would trim its forecast again when it meets in Seoul next month.
The2018 profit was $32.3 billion.
Anna Kroupina Journalist
Anna is OJ's newest member and she joins the team as a writer/reporter. She co-writes the daily news and covers events. Although she's new to the industry, pursuing a career path in travel/tourism has been a goal since her first family road trip to the Florida Keys sparked a desire to discover the world and this exhilarating, fast-paced industry.