IATA forecasts have a habit of being revised at regular intervals, but today at least IATA has confirmed that global airline industry profits are expected to increase by almost 12% in 2016. This increase in profits is driven primarily by lower oil prices allowing a forecast profit of $39.4bn this year, compared to $35.3bn in 2015 on the back of a $709bn revenue forecast. However, this forecast also predicts a slowdown in passenger demand at 6.2% growth in 2016, down from 7.4% in 2015. “Lower oil prices are certainly helping – though tempered by hedging and exchange rates,” Tony Tyler,

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