Fuel Costs Expected to Decrease Airline Profits

Fuel Costs Expected to Decrease Airlines' Profits

The International Air Transport Association (IATA) is predicting that the airlines will make less in 2011 than they did in 2010 due to the escalated costs of fuel.

According to the report by the BBC, the IATA is predicting the airlines will make $9.1 billion this year, which would be down from $15.1 billion it made in 2010.

At the same time, the IATA is expecting a larger number of passengers by 2014, predicting 3.3 billion people will be traveling by then, which would be an increase of 32 percent.

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