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Airline Industry to Lift Annual Profit 80% on U.S. Surge

Airline passengers waiting for their flights watch from the terminal as a United Airlines airplane takes off at Phoenix Sky Harbor International Airport in Phoenix, Arizona.

Airline passengers waiting for their flights watch from the terminal as a United Airlines airplane takes off at Phoenix Sky Harbor International Airport in Phoenix, Arizona.

Photographer: Robert Alexander/Getty Images

The airline industry will post record net income of $29.3 billion this year, up almost 80 percent from 2014, spurred by a surging U.S. economy and low fuel prices, the International Air Transport Association estimates.

While all regions will be profitable, the projection, which is $4 billion higher than one issued in December, masks “stark” variations, IATA said on Monday. Earnings at North American carriers will likely account for $15.7 billion of the total and produce a margin double that seen in Europe or Asia.