Top 10 Airline Developments of 2018 and What to Watch in 2019

Was 2018 a good year or a bad year? Speaking collectively, airlines can’t complain. As IATA pointed out last week, industry profits should hit about $32b this year, good for a 7% operating margin. This 7% comfortably exceeds the sector’s cost of capital. But IATA isn’t throwing any parties.