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Another strong year for airline profits in 2017

The International Air Transport Association (IATA) announced in Geneva yesterday that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. The strongest financial performance is being delivered by airlines in North America. Net post-tax profits will be the highest at $18.1 billion next year, although down slightly from the $20.3 billion expected in 2016.