BREAKING NEWS

Now Reading:

Europe dragging on global airline profits


corporate

Europe dragging on global airline profits

The economic crisis in Europe continues to cause turbulence for airlines.

In its latest forecast, the global industry grouping, IATA, says while the profit outlook remains stable, there are big regional disparities, with Europe being particularly weak.

Worries over a downturn in cargo trade, linked to the eurozone’s financial problems, are among the main factors.

Next Article

corporate

Olympus cuts jobs, looks at tie-ups