Airlines slash profit forecast as costs soar
The International Air Transport Association has cut its profit forecast for 2018 by 12% to $33.8bn (£25.3bn).
IATA, which is holding its annual meeting, said rising interest rates and trade tensions would also hit profits.
Airlines earned a record $38bn in 2017, although this was distorted by several one-off changes, such as tax credits.
Read full story: bbc.com
Posted: 4 Jun 2018 21:02:13