Despite falls in traffic and few new plane sales the IATA has raised its profits forecast for 2012 for the civil aviation industry.
It also expects an improvement for 2013, mainly on the back of US airlines trimming capacity and boosting margins.
The IATA, which represents 80% of the global 488 billion euro industry says it will make a 3.1 billion euro profit this year, but that is less than half the profit of 2011.
The Asian market has resisted the global slowdown, but profit margins remain razor-thin.
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