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Airlines' ride in 2014 not so smooth says IATA


Airlines' ride in 2014 not so smooth says IATA


The International Air Transport Association sees turbulence ahead for the world’s airlines, so it has trimmed 514 million euros off its profit forecast for the global industry for this year.

Clouds in the forecast include lower Chinese growth and political risks, although IATA says the outlook improves further into the year.

Profits should now be a shade over 13 billion euros despite global trade slowing since March, but barriers to the industry making more include rising infrastructure costs, inefficiencies in air traffic management, a heavy tax burden and costly regulation.

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