Iata raises global profit forecasts for aviation industry


The airline industry is still on a knife edge. That is the view of the industry body the International Air Transport Association (Iata), despite the fact that it has just raised its forecast global profits for 2012 to $4.1bn(£2.5bn).

High fuel costs, and a weak European economy are taking their toll, particularly in the cargo sector.

But Iata's chief executive, Tony Tyler, says it is not all doom and gloom for Asia Pacific airlines.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.