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Europe dragging on global airline profits

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Europe dragging on global airline profits

Europe dragging on global airline profits
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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.