Daily Business Wrap - Global airlines slash profit forecast by 21%

Name: Daily Business Wrap - Global airlines slash profit forecast by 21%
Uploaded: 2019-06-02T16:29:47+04:00
Description: Air freight volumes are already down and could start hitting passenger traffic too

Air freight volumes are already down and could start hitting passenger traffic too

Last updated: June 02, 2019 | 16:29

Sonia Shah, Senior Visual Journalist and Ed Clowes, Staff Reporter

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Global airlines slashed a widely watched industry profit forecast by 21 per cent as an expanding trade war and higher oil prices compound worries about an overdue industry slowdown.