IATA revises down 2019 airline profits, sees stability in 2020
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GENEVA (Reuters) - Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election.Airline net profits are now expected to fall to $25.9 billion (£20.19 billion) from $27.3 billion last year, before recovering to $29.3 billion in 2020, the International Air Transport Association said. In June it had forecast $28 billion..