GENEVA (Reuters) - The world`s airlines are set for another year of record profit in 2018 thanks to improving global economies and robust travel demand, the International Air Transport Authority (IATA) said on Tuesday.


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Industry profits are expected to rise to $38.4 billion in 2018, from $34.5 billion in 2017, IATA said.


"Industry profitability is on a more sustained path," IATA chief economist Brian Pearce said.