Global Airlines slash Profit Outlook as Fuel Costs Jump

Posted by - June 7, 2018

Global airlines recently slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks. The International Air Transport Association (IATA), which represents about 280 carriers, said the industry is expected to post a $33.8 billion profit