Wednesday, 28 September 2011Tony Tyler, chief executive of the International Air Transport Association (IATA) has said the airline industry is facing tough times, as the troubled European and US economies were 'frightening,' Reuters has reported. The industry global body has already warned that a weak global economy would prompt a 29% decline in airline profits next year, and cut the industry's profit margins to as low as 0.8% from 1.2% in 2011. "There is so much uncertainty over the world economy, obviously in Europe and US," Tyler said. |
Wednesday, 28 September 2011
AMEinfo.com
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