Intensifying US-China trade war to bog down airline profits in 2019: IATA

The intensifying US-China trade war and rising fuel prices will continue to bog down airline profits this year. The International Air Transport Association at the annual meeting of global airlines in Seoul today said that 2019's collective net profit was forecast to be 28 billion US dollars, down from an outlook of 35.5 billion dollars released in December. Mentioning the rising costs of labour, fuel and infrastructure across the board, International Air Transport Association added that...