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IATA says airlines are on course for net profits of US$10.6 billion this year, up from December's forecast of US$8.4 billion. Photo: Bloomberg

Airline profits to rise amid recovery of cargo sector

The International Air Transport Association (IATA), which represents 240 airlines comprising 84 per cent of global air traffic, said airlines are on course to post total net profits of US$10.6 billion this year, up from December's forecast of US$8.4 billion. Total revenues are projected to climb by US$12 billion to US$671 billion this year.