New Delhi: Global airline industry's profits are projected to rise nearly 12 per cent to $39.4 billion this year, primarily fuelled by lower oil prices, IATA said on Thursday.
It also said there are continuing infrastructure and cost difficulties in the Indian market.
The latest forecast by International Air Transport Association (IATA), revised from last December's estimate of $36.3 billion, would be higher than the global aggregate profit of $35.3 billion recorded in 2015.
Releasing its latest financial outlook today, IATA said the global air transport industry profits are expected to increase to $39.4 billion in 2016.
"That is expected to be generated on revenues of $709 billion for an aggregate net profit margin of 5.6 per cent.
2016 is expected to be the fifth consecutive year of improving aggregate industry profits," an IATA release said. Talking about the airline industry in the Asia Pacific region, which is expected to post $7.8 billion profits this year, IATA said there are challenges such as "continuing infrastructure and cost difficulties in the Indian market".
"Airlines in Asia-Pacific are expected to post a $ 7.8 billion profit in 2016, up from $7.2 billion in 2015.Capacity is forecast to expand by 9.1 per cent in 2016, ahead of demand which is likely to grow by 8.5 per cent," the release said.
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It also said there are continuing infrastructure and cost difficulties in the Indian market.
The latest forecast by International Air Transport Association (IATA), revised from last December's estimate of $36.3 billion, would be higher than the global aggregate profit of $35.3 billion recorded in 2015.
Releasing its latest financial outlook today, IATA said the global air transport industry profits are expected to increase to $39.4 billion in 2016.
"That is expected to be generated on revenues of $709 billion for an aggregate net profit margin of 5.6 per cent.
2016 is expected to be the fifth consecutive year of improving aggregate industry profits," an IATA release said. Talking about the airline industry in the Asia Pacific region, which is expected to post $7.8 billion profits this year, IATA said there are challenges such as "continuing infrastructure and cost difficulties in the Indian market".
"Airlines in Asia-Pacific are expected to post a $ 7.8 billion profit in 2016, up from $7.2 billion in 2015.Capacity is forecast to expand by 9.1 per cent in 2016, ahead of demand which is likely to grow by 8.5 per cent," the release said.
To Read the News in Full
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