Airlines look for ways to swiftly adopt aircraft tracking system

DOHA: Mystified by the loss of Malaysian jetliner MH370, some airlines will not wait for an industrywide solution to keeping track of their aircraft flights in real time, provided products are offered at the right price, industry executives said on Monday.

IATA said on Monday its airlines would collectively make a profit of $18 billion this year, cutting its forecast from a previous estimate of $18.7bil in March. That would equate to a net profit margin of 2.4%, compared with 1.5% in 2013.