Airlines, Forecast | featured news

The International Air Transport Association credits "a backdrop of improved optimism for global economic prospects" for raising expectations above its previous forecast of $8.4 billion in profits for this year.

Air fares are likely to stay high throughout this decade, as passenger travel grows but airline capacity shrinks, according to a government forecast issued Thursday.

The industry is beginning to show signs of a recovery, with modest increases in revenue and forecasts of growing demand this year. After more than a year of slumping demand and sinking revenue, the nation's airline industry is beginning to show signs of a recovery, with modest increases in revenue and forecasts of growing demand this year.