IATA hikes 2015 global airline profit forecast to $29 billion

MIAMI/PARIS (Reuters) - Global airlines raised their forecast for 2015 industry profits by more than 17 percent to $29.3 billion on Monday, almost doubling from last year and heralding a boom for carriers in North America that stand to reap half the worldwide total. The International Air Transport Association (IATA), announcing the upgrade during a gathering of 260 member airlines, 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's annual meeting.

IATA hikes 2015 global airline profit forecast to $29 billion source: http://finance.yahoo.com/news/iata-revises-2015-global-airline-130923016.html