SEOUL: Global airlines slashed a widely watched industry profit forecast by 21% as an expanding trade war and higher oil prices compound worries about an overdue industry slowdown.
The International Air Transport Association (IATA), which represents about 290 carriers or more than 80% of global air traffic, said the industry is expected to post a US$28bil profit in 2019, down from a December forecast of US$35.5bil.
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