Business News: Global Airline Industry

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Global airline industry profits are expected to jump by almost 12% in 2016, the International Air Transport Association (Iata) said.Lower oil prices will help airlines achieve profits of $39.4bn (£27.3bn) this year, compared to $35.3bn in 2015, the body said in its quarterly report.North American airlines will account for more than half of the industry’s profits, it said.
However, Iata predicts a slowdown in passenger demand.
It expects 6.2% growth in 2016, down from 7.4% in 2015.

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