What airlines make out of each passenger

A video screengrab shows passenger David Dao being dragged off a United Airlines flight at Chicago O'Hare International

The International Air Transport Association (IATA) reported on the performance of the airline industry at its headquarters in Geneva this week, revealing that airlines served more than 20,000 city-pair connections this year.

Airline companies around the world will end 2017 with 11 percent more profit than previously estimated for this year and will continue profit growth into 2018, the International Air Transport Association said Tuesday.

Globally, IATA forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June), with the Middle East forging ahead.

Airlines are on course for improved profits next year and are forecast to make an improved US$8.45 (NZ$12.29) a passenger. IATA expects that global tourists traveling by air will spend more than $776 billion in 2018, 15% higher than tourist spending in 2015 and more than double what tourists spent in 2000.

IATA expects passenger numbers to exceed 4.3 billion in 2018.

Analysts See Fidelity National Information Services, Inc. (NYSE:FIS) Rising 8%
In the most updated research from a number of analysts on Wall Street, the company gets 19 Buys and 0 Sell among 23 analysts. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.

"We have a clear strategy that is delivering results on environmental performance", said IATA director general and CEO Alexandre de Juniac.

"More people than ever are traveling. To continue to deliver on our full potential, governments need to raise their game - implementing global standards on security, finding a reasonable level of taxation, delivering smarter regulation and building the cost-efficient infrastructure to accommodate growing demand". "Airlines are achieving sustainable levels of profitability". "Stronger economic growth will help in 2018, but Africa's governments need to ensure increased connectivity to stimulate intra-African travel, access to markets and economic growth", IATA said in the statement.

European airlines generate the second-most revenue when compared by region and made $9.8 billion in net profits this year. Volumes are expected to grow by 4.5 per cent in 2018 (down from the 9.3 per cent growth of 2017).

"European airlines are benefiting from a strong economic recovery in home markets, including Russian Federation, a rebound from the terrorism events of 2016, and some consolidation following the failure of several regional airlines", the IATA said.

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