About 2.2 Billion Dollars Profit for Middle Eastern Airlines in 2014, Projected

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A high number of profits for Middle Eastern Airline for 2014 were forecasted by theAbout 2.2 Billion Dollars Profit for Middle Eastern Airlines in 2014, Projected International Air Transport Association (IATA).
The $2.2 billion estimate of IATA contributes to revenues of high oil prices, success of carriers to dominate the market via long-haul connections, the consistent robust status of the airline industry which shows annual profit progress and cargos resilient growth in the region.
A significant progress has been noted in the cargo industry as it is creating a record above the previous target of 2.1% to 4% four percent growth this year.
IATA’s CEO said that the outlook remains positive as the cyclical economic upturn is supporting a strong demand environment.
IATA records show that the aviation industry retains on average $5.65 per passenger in net profit which is an increase from $2.05 in 2012 and $4.13 in 2013. This year, the agency is expecting for a 5.8% growth.

Mohamed Dekkak