IATA Lifts Airline Profit Forecast 20% on Record Seat Occupancy

IATA Lifts Airline Profit Forecast 20% on Record Seat Occupancy

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Airlines, set to carry more than 3 billion people for the first time this year, have resisted adding seats to chase market share. The strategy should lift their average load factor, or seat occupancy, to a record 80.3 percent, IATA Chief Executive Officer Tony Tyler said at the group’s annual meeting.