A year that has shown an increase in fuel costs has shocked the majority of people by announcing a second straight year of growth. This is largely thanks to the increase in demand for air travel.
The International Air Transport Association, also known as the IATA, has announced that for the second year in a row, air transport is showing signs of amplified profitability. Plus, this comes after a minimal downgrade in how the industry guessed profits would be for 2014 ($19.7 million down to $18.7 million).
Reasons for the Boost