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End to US-China trade war key to stronger 2020 for world’s airlines

12/16/2019| 5:56:42 PM| 中文

Muted fuel costs will support Asia-Pacific airlines' net profits to go up to US$6 billion and net margins to improve to 2.2 percent.

Airline profits globally will rise in 2020 after a tough 2019, the International Air Transport Association (IATA) forecast on Wednesday, but only if there is a ceasefire in the US-China trade war to lift the industry’s outlook for the year ahead.

Predicting a stable outlook for the next 12 months, Brain Pearce, the association’s chief economist, said any expectation of higher profits was “contingent on a truce” between the two warring economic superpowers.

The cautiously positive tone masked a softening in global airline profitability in 2019, revised down by 7.5 percent to US$25.9 billion, with slowing economies and the trade friction the aggravating factors.

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TAGS: IATA | Hong Kong Airlines | Cathay Pacific
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