Airline industry group slashes its profit forecast as trade war hurts the cargo business - CNBC

Airline industry group slashes its profit forecast as trade war hurts the cargo business  CNBC

- The International Air Transport Association slashed its 2019 profit outlook for the airline industry, citing global trade friction. - The IATA expects airline profits to come in at $28 billion in 2019, a drop from the $30 billion reported in 2018. It had previously forecast 2019 profits to come in at $35.5 billion dollars. - Growth in the cargo segment is forecast to be flat this year, after rising 3.4% in 2018 and 9.7% in 2019. SEOUL — Global trade tensions and increased protectionism prompted the International Air Transport Association (IATA) to slash its 2019 profit outlook for the air...