A high number of profits for Middle Eastern Airline for 2014 were forecasted by the 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.