Asia-Pacific airlines to see sharp fall in profit

Carriers in the Asia-Pacific will see their profits fall 44 per cent this year because of the weak cargo market and the slowdown in China, the International Air Transport Association said yesterday.

The airline trade body has revised up the profit forecast for the airlines across the globe by 63 per cent to US$6.7 billion. Most of the gains came from the European carriers, which saw stronger-than-expected traffic in the second and third quarters.

via Business feed http://www.scmp.com/business/companies/article/1104789/asia-pacific-airlines-see-sharp-fall-profit