IATA: Confident Businesses, Travelers Drive Airline Demand

Global air travel demand is more robust than expected so far in 2017 because of growing business and consumer confidence, according to IATA chief economist Brian Pearce.

Speaking at the IATA Wings of Change conference in Miami, Pearce said the passenger traffic demand outlook looks strong for the remainder of the year, though he cautioned that airline profit margins are being squeezed by higher fuel and labor costs…

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