ABU DHABI (March 14): Airline industry group IATA said it remains concerned about protectionist rhetoric from the United States and other governments, but also sees the new US administration's plans to invest in infrastructure as positive for the industry. IATA's Director General Alexandre de Juniac told reporters in Abu Dhabi on Tuesday that the group had recently held a meeting with US President Donald Trump's administration, which he described as "positive". However, he also said the group was "heavily concerned" about plans by governments "to raise barriers on borders for trade and for travel." Many in the industry have said the ban was rolled out haphazardly without clear communication, causing chaos and confusion at airports globally. However, IATA said in December that it expects profit in the airline industry to fall this year after a five-year rally and de Juniac said that view remained unchanged.

Source: The Edge Markets March 14, 2017 09:33 UTC