Miami Beach (United States) (AFP) – As fuel prices drop and more planes fly filled to capacity, North America is leading the airline industry in profits while much of the world still struggles, officials said Monday.Airlines are projected to make $29.3 billion in collective profit on revenues of $727 billion in 2015, said Tony Tyler, director general of the International Air Transport Association (IATA), at the group’s annual meeting in Miami Beach, Florida.”For the first time in IATA’s records, the industry as a whole is earning its cost of capital,” he said.He added that airlines are making on average about …read more
Source: Business Insider
