profit margin

Airline profits to hit record in 2014, IATA predicts

IATA also upgraded its profit estimate for this year to \$12.9bn from an earlier estimate of \$11.7bn.

However, IATA said that while total profits were rising, profit margins were being squeezed.

It said next year's estimated profit of \$19.7bn would come from predicted revenues of \$743bn, whereas the previous record profit figure of \$19.2bn - recorded in 2010 - came from revenues of \$579bn.