Browse related articlesME profits to fall by $100m
Middle East: Thursday, September 04 - 2008 at 13:06
A report issued by the International Air Transport Association (IATA) has trimmed growth forecasts for the global aviation industry to show airlines posting losses of $5.2bn, due mainly to the rising price of oil. Passenger traffic is now expected to grow on average by 3.2% (was 3.9%) and air freight volumes by 1.8% (was 3.9%). Middle Eastern profits will drop by $100m to $200m.
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StaffThursday, September 04 - 2008 at 13:06 UAE local time (GMT+4)
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