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Conducted in early July of this year, IATA surveyed airline CFOs and heads of cargo regarding their expectations for the next 12 months. The results substantiated April’s IATA economic performance of the airline industry report that found executives to be more positive about future growth in air travel, but less positive about cargo.
This time around, the consensus across passenger and cargo operations is that profits will not improve over the next 12 months. Of the surveyed executives, 45.7 percent anticipate a decrease, 14.3 percent foresee no change and the remaining 40 percent expect an increase in profitability. This puts 60 percent in the decrease/no-change camp. This disposition, according to IATA, reflects disruptions following recent terrorist attacks in France, Belgium and Turkey, “particularly for European airlines.”
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