Global airlines cut 2019 profit forecast over trade tensions
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GENEVA (Reuters) - Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry's main global body said on Wednesday, while predicting a modest recovery next year.Cutting its full-year net profit forecast to $25.9 billion (£20.19 billion), a 5.1% decline from 2018, the International Air Transport Association said an improvement in 2020 was contingent on a "truce" in global trade disputes. In June it had forecast $28..