IATA chief says trade tensions to hit 2019 airline profit outlook
In December, the International Air Transport Association trimmed its 2019 global airline industry profit forecast to $35.5 billion from $38 billion, after $32.3 billion in 2018.
Alexandre de Juniac, IATA director general, suggested the industry group would trim its forecast again when it meets in Seoul next month.
“I am a bit worried and I am sorry to tell you that I think we are at a turning point,” he told a meeting of aerospace industry officials in Paris.
“The figures will be in the black but will be more difficult,” he told a meeting of Usaire, an association of U.S. and European aerospace companies.
Trade tensions are already hurting cargo demand and passenger demand is sure to be affected too, he said.