The second quarter reports from 54 airlines confirms aggregate profits declined year-on-year in every region with the exception of Europe—for the first time in eight quarters.  As pointed out by an IATA spokesman,  “A tough environment getting tougher; certainly not the time for a new round of taxes and fees, as is being proposed by the Administration.”

This fits precisely with IATA’s DG Tyler’s comments about the new normal in the industry being crisis mode.

Airlines Financial Monitor – Sept 11

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