BBCNEWS World Business Report June 4, 2024 13:35:00
Industry generally is having a really good time at this moment. it's like they are printing cash! but i say that in jest. i was talking to my friends at iata just last week, and i was kind ofjoking and bemoaning these extravagant airfares and they said, "well, "hang on, the profit margin for the airlines on average "is still only about 1.2%." i'm like, "how can that be so low given such high airfares?" its flips very quickly in this industry and that's one of the great challenges. iata a very good at publishing their profit forecasts for the airline industry but our data shows that about 760 d...