The International Air Transport Association has cut its forecast for profits by the world's airlines this year.<br /><br />Blaming a sharp rise in oil prices, IATA predicts industry profits at around 2.3 billion euros, down from a previous estimate of 2.65 billion euros. <br /><br />It does see some encouraging signs including fuller passenger manifests and the possibility of increased freight revenues. <br /><br />...<br />http://www.euronews.net/
