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Airline Earnings to Jump 11% as Fares Rise and Cargo Rebounds

  • IATA upgrades 2017 forecast, predicts major gains in 2018
  • Europe seen leading surge as North American growth moderates

Global airline earnings this year will top previous forecasts and surge to a record in 2018, spurred by higher fares and burgeoning cargo demand, according to the industry’s main trade group.

Net income for 2017 is likely to total $34.5 billion, $3.1 billion higher than forecast in June, the International Air Transport Association said Tuesday in a statement. The figure should advance by a further 11 percent next year.