IATA AIRLINES FRET ABOUT ETS – BUT GLOBAL REVENUES KEEP FLOWING
June 1st, 2012
BY MARK GODFREY, IN BEIJING
WHILE delegates at the International Air Transport Association (IATA) annual general meeting in Beijing remained concerned about the impact of the European Union's (EU) emissions trading scheme (ETS) on global aviation, there was general consensus that the industry is growing healthily.
Demand for air travel expanded at 6% in the first half of 2012 while cargo is showing signs of turning up thanks to demand in the Middle East according to figures released at the meeting. However, before-tax margins will fall to 1.4% for 2011 from 4% ...
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