Global airline industry may return to profit next year

The International Air Transport Association (IATA) has forecast that the global airline industry is expected to report a net profit of $2.5 billion during 2007, from a loss of $0.5 billion projected during the current year.

“After six years, 2007 promises some black figures. Efficiency has made the industry stronger. However, the recovery is fragile and we must get the Governments on board with change,” the Director General and Chief Executive Officer, IATA, Mr Giovanni Bisignani, said at the global media briefing here on Tuesday.

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