Airline industry profits to plummet in 2012: IATA
Airline industry group IATA warned on Monday global profits would more than halve in 2012 owing to surging oil prices and the eurozone crisis, with European carriers suffering losses of $1.1 billion.
Carbon tax and Europe to dominate airline talks
The world's airline bosses meet from Sunday in Beijing, with talks likely to be dominated by a bitterly opposed carbon tax, the European debt crisis and the perennial headache of high oil prices.
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