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Global airline industry to produce net profit of $29.3 billion in 2020 - IATA - Nigerian Frank News
The International Air Transport Association (IATA) 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 (revised downward from a $28 billion forecast in June). If achieved, 2020 will mark the industry’s 11th consecutive year in the black. Highlights of expected 2020 performance include: The return on invested capital is forecast to be 6.0% (improved from 5.7percent expected in 2019). The net profit margin is forecast at 3.4 percent (up from 3.1 percent…