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Airline Association Raises Global 2012 Profit Outlook

Airplane on runway
Getty Images
Airplane on runway

The International Air Transport Association (IATA) has raised its 2012 global profit outlook.

Airlines are expected to earn $4.1 billion this year, up from the $3 billion forecast in June, according to the industry group that represents about 240 airlines.

The industry earned $8.4 billion in 2011.

Regional outlooks

North American carriers are likely to post profits of $1.9 billion in 2012, up $0.5 billion from the previous forecast and also higher than the $1.3 billion the region made in 2011.

European airlines are expected to post the largest loss of any region at $1.2 billion.

For a further breakout of the 2012 outlook by international regions, go here.

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