{"id":305131,"date":"2019-12-11T17:30:38","date_gmt":"2019-12-11T12:00:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305131"},"modified":"2019-12-11T17:31:42","modified_gmt":"2019-12-11T12:01:42","slug":"iata-revises-down-2019-airline-profits-sees-stability-in-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iata-revises-down-2019-airline-profits-sees-stability-in-2020\/","title":{"rendered":"IATA revises down 2019 airline profits, sees stability in 2020"},"content":{"rendered":"<p>Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election. Airline net profits are now expected to fall to $25.9 billion from $27.3 billion last year, before recovering to $29.3 billion in 2020, the International Air Transport Association said. In June it had forecast $28 billion in profit for 2019.<\/p>\n<p>The starkest deterioration is being felt in airlines\u2019 cargo businesses \u2013 where a 3.3% drop in freight demand marked the sharpest decline since the 2009 financial crisis, with revenue down 8% year-on-year.<\/p>\n<p>Growth in world trade has all but evaporated to an expected 0.9% this year, sharply down from the 2.5% forecast in June and the 4.1% expansion predicted a year ago, IATA said.<\/p>\n<p>Underpinning the partial recovery predicted next year, IATA forecast more robust trade growth of 3.3% as \u201celection-year pressures in the U.S. contribute to reduced trade tensions\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election. Airline net profits are now expected to fall to $25.9 billion from $27.3 billion last year, before recovering to $29.3 billion in 2020, the International Air Transport Association said. In June it had forecast $28 billion in profit for 2019. The starkest deterioration is being felt in airlines\u2019 cargo businesses \u2013 where a 3.3% drop in freight demand marked the sharpest [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-305131","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=305131"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305131\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}