Airlines are expected to have their third-most profitable year since 2001, according to a new trade association report. But they'll net an average of just $4 a passenger.
The International Air Transport Association (IATA) upgraded its 2013 profit outlook for the world's passenger carriers to $12.7 billion, up 19.8 percent from the $10.6 billion predicted in March. If the forecast holds up, airlines will earn 67.1 percent more than last year's $7.6 billion.
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But because of razor-thin margins, that per-passenger profit is equivalent to the cost of a deluxe coffee.