Airlines Are on Pace for Their Worst Year Since 2014
New York (CNN Business)High fuel prices, an international trade war, and the 737 Max grounding are adding up to a miserable 2019 for the airline industry. Airlines are bracing for their worst year since 2014.
The aviation industry expects to earn $28 billion in profit this year, according to a forecast released Sunday by the International Air Transport Association, a global trade group representing 290 airlines. That income outlook is 21% lower than the association's previous 2019 forecast, which it issued in December. It would be the lowest profit the industry has recorded in five years.
Read more: https://www.cnn.com/2019/06/02/business/airline-profit/index.html