Breaking News Bar
updated: 3/12/2014 8:07 AM

Airlines lower forecast for record 2014 profit

hello
Success - Article sent! close
 
Associated Press

The global airlines industry has lowered its profit forecast for 2014 due to rising jet fuel prices, but says Venezuela's financial policy, Ukraine's political upheaval and a vanished Malaysian jetliner add to the uncertainty in its outlook.

Tony Tyler, director-general and CEO of the International Air Transport Association, says the profit this year is expected to be $18.7 billion, a downgrade from the $19.7 billion it forecast in December, as fuel prices have been higher than expected since then. The profit figure is still above the $17.3 billion record the industry earned in 2010.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Tyler told reporters Wednesday that other challenges to the industry include Venezuela blocking airlines from repatriating $3.7 billion, Ukraine's instability pushing up oil prices and the disappearance of Malaysia Airlines Flight MH370 over Southeast Asia.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here