IATA Head Forecasts $3 Billion Profit Amid Euro Crisis
Jun. 10, 2012
Tony Tyler, head of the International Air Transport Association, talks about the impact of Europe's debt crisis on the global airline industry.
IATA almost doubled its 2012 loss forecast for European airlines and said the continent’s debt crisis could wipe out an expected global profit. Tyler, who spoke yesterday with Bloomberg's Stephen Engle in Beijing, also discusses the dispute between Chinese airlines and the European Union over the submission of carbon-emissions data. (Source: Bloomberg)