The profitability of airlines based in the UAE, the Middle East’s main aviation hub, is likely to fall this year amid limited growth in demand, the head of the International Air Transport Association (IATA) said on Tuesday.
“The UAE carriers will have a year that is probably below 2016,” Alexandre de Juniac, director-general and chief executive of the IATA, toldRead more
Global airlines are expected to post record profits of almost $40 billion this year, the head of industry body IATA said, but he warned the sector faced threats from terrorism, a sharp rise in oil prices and protectionism.
Alexandre de Juniac, who took the reins at the International Air Transport Association on September 1, also called on Southeast Asian nationsRead more