IATA downgrades 2012 industry estimates

The International Air Transport Association (IATA) has announced revisions to its industry outlook, downgrading its predictions for 2012.

The International Air Transport Association (IATA) has announced revisions to its industry outlook, downgrading its predictions for 2012.

The association now estimates that airline profits for next year will be $3.5bn, compared to previous estimations of $4.9m, with a net margin of 0.6%. The 2011 forecast of $6.9bn remains unchanged.

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