Middle East airlines post Q1 profit

01 July 2009

A new report by the the International Air Transport Association (IATA) says Middle East airlines managed to post a $291m profit in the first quarter of this year, while carriers outside the region suffered a $3bn drop in revenue in the same period due to falling demand. The slight profit the region posted in Q1 is well below the $1.69bn it registered during the corresponding period last year, IATA noted.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications