IATA CFO survey shows confidence

The International Air Transport Association’s (IATA) business confidence survey of airline CFOs and heads of cargo shows that airline profit expectations remain strong and confidence remains that air transport volumes will continue to grow. Input costs are expected to remain stable after declining in the fourth quarter due to cost-cutting measures. Passenger yields are also expected to remain stable over the next 12 months, with cargo yields to remain unchanged, despite expectations of stronger volume growth. Some 72% of survey respondents expect passenger travel to expand during the next 12 months but at a slightly slower pace. They also expect