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ME airlines $1bn profit
- Wednesday, September 20 - 2006 at 08:02
Middle East airlines will post a profit of nearly $1bn for 2006 as regional demand for air travel surges, according to IATA forecasts quoted by Reuters. But the global aviation industry is expected to lose $1.7bn, due to high fuel costs. Passenger growth on Middle East airlines is expected to be 15%, exceeded only by the domestic Chinese market at 19%.
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James McInerney, News EditorWednesday, September 20 - 2006 at 08:02 UAE local time (GMT+4)
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This article was updated on Thu Sep 21 2006.
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