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FINANCIAL NEWS
Gulf airlines expected to witness USD1.8b net profits in 2015
12 Jun 2015
(MENAFN) Gulf airlines are set to witness an accumulative net profit of around USD1.8 billion in 2015, according to a report issued by the International Air Transport Association (IATA), Arabian Business reported.
Passenger traffic in the Middle East is set to see a growth of around 13 percent, making the region stand as the sole with a double-digit improvement, according to the aviation authority.
“For the airline business, 2015 is turning out to be a positive year. Since the tragic events of September 2001, the global airline industry has transformed itself with major gains in efficiency,” an official from IATA said.
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