IATA raises 2013 and 2014 forecasts for global airline industry profitability
- Raises 2013 industry profits forecast by 10% to $12.9B
- Raises 2014 industry profits forecast by 20% to $19.7B
- Cites lower oil prices, more efficiency measures and non-fare Rev.
**Note: In late Sept, IATA cut the 2013 industry profit forecast to $11.7B from $12.7B on weaker Asia growth, slowdown in freight shipments and rise in oil prices due to Syria.