IATA lowers 2012 profit forecast 28.6%
Posted 08/12/2011
IATA lowered its global airline earnings forecast for 2012 to a net profit of $3.5 billion, 28.6% below its previous forecast, and warned of a possible net loss of $8.3 billion if the Eurozone crisis deteriorates into a renewed banking crisis and worldwide GDP growth slows to 0.8%.
Originally published 7 Dec 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/2gqsDYlh-vY/iata-lowers-2012-profit-forecast-286-1207
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