Costly fuel to hit airline profits

euronews (in English)
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The International Air Transport Association has cut its forecast for profits by the world's airlines this year.

Blaming a sharp rise in oil prices, IATA predicts industry profits at around 2.3 billion euros, down from a previous estimate of 2.65 billion euros.

It does see some encouraging signs including fuller passenger manifests and the possibility of increased freight revenues.

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