IATA: Challenge for airlines is to maintain their recent financial success

IATA SVP financial and distribution services Aleks Popovich reported (03-Aug-2016) the airline industry is "starting to deliver sustainable levels of profitability", with industry profit forecast at USD39.4 billion for 2016, the best annual earnings in aviation history. 2016 will also be only the second year - and the second in a row -in which airlines will make an aggregate return in excess of their cost of capital. According to Mr Popovich, the "challenge now is to maintain it throughout the business cycle". [more - original PR]