IATA forecasts 2020 airline profits to reach close to $30bn

The International Air Transport Association (IATA) has forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019 (which was revised downward from a $28 billion forecast in June). If achieved, 2020 will mark the industry’s 11th consecutive year in the black.  Other highlights expected of 2020 performance include: a 6% return on invested capital (improved from 5.7% expected in 2019); a net profit margin at 3.4% (up from 3.1% for 2019); overall industry revenues are forecast to reach $872 billion (+4.0% on $838