TribLIVE

| Business


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

Airlines raise 2013 profit outlook

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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Small retailers at intersection of social networks, foot traffic
  2. In ‘StockCity,’ real investing like game
  3. Test-tube tuna may be sea change
  4. Mark Phelan: Cadillac, Mercedes hope to win at name game
  5. 153-year-old Venango well pumps out oil, history
  6. U.S. Steel reorganizes operating units
  7. Iron ore price decline hurts U.S. Steel’s cost advantage over rivals
  8. Business Council for Peace program works to export profits, peace
  9. Sonata exudes class
  10. Woman on dating site looks too good to be true: How to vet that pic
  11. Oil, gas industry tries to keep talent in pipeline
Subscribe today! Click here for our subscription offers.