It's downhill for airline profits as fuel price bites, IATA says

INSUBCONTINENT EXCLUSIVE:
By Angus WhitleyAlmost a decade of good times may be over for airlines worldwide. The rising cost of fuel will eat into profits
he said
The body in December forecast total net profits would be $38.4 billion this year, up from $34.5 billion in 2017, marking a ninth straight
year of profits
Brent crude is currently at a more than three-year high of about $77 a barrel. IATA represents about 280 carriers worldwide, or 83 per cent
of total air traffic