Airline Industry Sees Recovery in 2014
The airline industry was particularly impacted by the global economic downturn but the industry is expected to reach a profit of US$20 Billion in 2014. Lower oil prices expected in 2014 and overall airline passengers on the upswing with global sporting events such as the World Cup in Brazil drawing more international travelers are all impacting profit growth. Despite the positives, net profits will reach only 3 percent of total revenue for the airline industry in 2014.
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