Air Transport World

Black (ink) is beautiful.(international air transport)(Industry Overview)

IATA AGM will predict $5.5 billion industry net profit but also will hear warnings against a blowup in capacity

GENEVA--Senior executives of International Air Transport Assn. airlines gather in Kuala Lumpur for their annum meeting this month (Oct. 30-31), relieved by a forecast from their director-general, Pierre Jeanniot, that the industry is heading for an operating profit of $9 billion and a net profit of $5.5 billion this year.

But Jeanniot tempered his bullish look-ahead with a warning against letting capacity growth lead to a new round of losses. "We've seen it happen twice in the past 10 years," he said at IATA headquarters here, shortly before the AGM opened.

Jeanniot reminded members that during 1990-93, they lost a total of $15. …

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