IATA Profitability

General Tony Tyler: But the windfall could be muted by the rise in the value of the dollar and widespread airline fuel hedging, according to Deutsche Welle. Although all regions are expected to see an improvement in profitability in 2015 compared with 2014, there are stark differences in regional economies, which are also reflected in airline performance, the industry body cautions. "The industry profits are far from uniform. Announcing the upgrade during a gathering of 260 member airlines in Miami, IATA said lower oil prices were the main factor pushing the industry further into the black. Many airlines still face huge challenges," IATA Director General Tony Tyler said in a declaration to the airline lobby 71st annual meeting. It said the industry average net profit margin would almost double to 4 percent from last year 2.2 percent. Generating value IATA had previously forecast a 2015 profit amounting to $25 billion. (news.financializer.com). As reported in the news.