Tony Tyler, executive director of The International Air Transport Association's (IATA) declared that in 2012, whole profits of international airlines be supposed to achieve USD3 billion, stated AP.
Tyler supposed that revenues throughout the period should be USD631 billion, adding up that if revenues reject by only 1 percent, universal profits would twist into a loss of USD3 billion.
He renowned that European airlines are forecasted to acquire a USD1.1 billion loss, while Asian carriers are projected to record USD2 billion earnings, additionally, US and Middle Eastern carriers would also post profits.
He also alleged that at present, fuel symbolizes 33 percent of airlines costs, evaluated with 13 percent to 14 percent a decade ago.
It is merit noting that IATA's calculate is supported on an average oil price of USD110 per container in 2012.
Tyler supposed that revenues throughout the period should be USD631 billion, adding up that if revenues reject by only 1 percent, universal profits would twist into a loss of USD3 billion.
He renowned that European airlines are forecasted to acquire a USD1.1 billion loss, while Asian carriers are projected to record USD2 billion earnings, additionally, US and Middle Eastern carriers would also post profits.
He also alleged that at present, fuel symbolizes 33 percent of airlines costs, evaluated with 13 percent to 14 percent a decade ago.
It is merit noting that IATA's calculate is supported on an average oil price of USD110 per container in 2012.
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