TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Airlines raise 2013 profit outlook

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

DRI $48.74 +$0.08

at close on TUESDAY

Daily Photo Galleries

Business Photo Galleries

By The Associated Press
Thursday, March 21, 2013, 12:01 a.m.
 

The global airline industry has forecast a modest improvement in global net profits for 2013, crediting a backdrop of rising optimism about the world's economy — particularly in the United States and Europe.

The International Air Transport Association, whose 240 member airlines carry 84 percent of all passengers and cargo, upgraded its financial outlook Wednesday to expected profits of $10.6 billion this year, mainly based on more passengers and cargo handled.

IATA said the industry's overall revenue in 2013 is expected to rise to $671 billion from $637 billion last year, while costs will go up to $649 billion from $623 billion.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. IRS cybersecurity breach touches lives of homebuyers, others
  2. Many Americans have no retirement savings, Fed survey shows
  3. Task force to plot ways of alleviating gas glut in Pennsylvania via pipelines
  4. Automakers do U-turn on infotainment systems
  5. Shoppers pay premium for organic chicken
  6. Apple finds bug that causes iPhones to crash
  7. Pitt study suggests health law attracting young to balance insurers’ risks
  8. Stocks bounce back from losses on reassurance from Greece
  9. Exxon, Chevron shareholders reject big oil restrictions
  10. UPMC offering buyouts to 3,500 employees in cost-cutting move
  11. Air bag fix may be more elusive than hoped