MidEast airlines set to post $1.4bn profit in 2013

Middle Eastern airlines are expected to post a profit of $1.4bn in 2013, up from the $1.1bn previously forecast, the International Air Transport Association (IATA) said in Wednesday.

The forecast is also stronger than the $900m profit recorded by the region's carriers in 2012.

IATA said the growing role of the region’s airlines in providing connectivity to developing markets was reflected in strong traffic growth.

The region’s airlines are expected to add 12.8 percent in capacity in 2013 and this will be outpaced by demand growth of 13.7 percent.

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