The International Air Transport Association (IATA), the largest airline trade group, predicted Tuesday that the world’s airlines would collectively lose nearly $5 billion this year, but said U.S. carriers will deliver the best performance with a combined $100 million profit for the year.
The IATA said. “U.S. carriers are benefiting from careful capacity management and lower spot prices for fuel.”
Reuters News service notes “carriers in North America are expected to deliver the ‘best performance’ among the world’s regions with an estimated $100 million profit, crediting their strength to early capacity cuts and relatively little fuel hedging that has permitted them to benefit from sliding oil prices.” USA TODAY adds “U.S. carriers are expected to weather the storm.”