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Airlines confident for strong 2011, but not as confident as they used to be

Most airlines expecting higher passenger volumes, but higher oil prices are taking their toll.

Image: granpapa2006 via Creative Commons

AIRLINES ARE LOOKING FORWARD to positive results in 2011, according to the International Air Transport Association (IATA), despite continuing pressure from fuel prices.

The IATA said that although 46% of airline chiefs believe they will see an increase in profits over the coming year, that figure had dipped from 60% in October.

The airline industry expects higher fuel costs to take a toll by eating into profits, despite projected increases in passenger numbers, according to the Irish Tourist Industry Confederation.

Some 77% of airlines expect their passenger volumes to increase in 2011.

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