FINANCIAL NEWS

ME airlines to posr USD1.6b profits in 2013

13 Dec 2013

(MENAFN) Airlines from the Middle East are expected to make a net profit of USD1.6 billion this year,and USD2.4 billion next year, Arabian Business reported.

The International Air Transport Association (IATA ) said that margins will keep improving in the region as they will rise from 3.8 percent in 2013 to 4.7 percent in 2014.

IATA said in a statement: “Strong oil revenues ” as oil prices stay high ” continue to support travel generated by domestic activity and the development of the tourist industry. The Syrian crisis has not impacted traffic beyond its borders.”

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more