Independent journal on economy and transport policy
01:35 GMT+2
Global airline profits inch up to $5.1b
(New Straits Times)
May 29, 2001
HIGHER FUEL COSTS
MADRID - World airlines returned a small profit of US$2.8 billion (S$5.1 billion) on international services last year, well under 2 per cent of their overall revenues, the head of the industry's global body, the International Air Transport Association (Iata), reported yesterday.
But Mr Pierre Jeanniot told top executives from Iata's 274 member carriers that ...... Read more on New Straits Times
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