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IATA expects profits to hit $18 bn in 2014

Revenues were forecast to reach $746 billion, IATA directer general Tony Tayler said.

Airline bosses worried over high oil prices, Eurozone crisis

High oil prices and the unresolved European debt crisis hitting the financial bottomline of the global aviation industry would be the major focus of debate at the World Air Transport Summit beginning here tomorrow.

Airlines group warns over rising oil prices

At present, the benchmark New York rate is trading at nine-month highs around USD 107 a barrel.