SEOUL—Airline industry earnings this year are expected to fall 21% short of expectations with global trade tensions and rising costs denting the outlook for collective profits, the industry’s leading trade group said Sunday. Airlines this year should post $28 billion in collective net profit, down from $35.5 billion forecast six months ago, said the International Air Transport Association that represents more than 200 airlines from the U.S. to Australia. Carriers last year returned a combined net profit of $30 billion.

Source: Wall Street Journal June 02, 2019 02:32 UTC