NEW YORK ( TheStreet) -- The International Air Transport Association (IATA), in its recent report, said that despite rising fuel costs, the demand for air travel has been increasing in the past few months.For 2011, IATA has cut its global industry profit outlook to $8.6 billion from the December 2010 estimate of $9.1 billion, prompted by higher fuel costs and the Middle East unrest. However, for 2010, the IATA has raised its profit estimate to $16 billion from the prior forecast of $15.1 billion. Currently, fuel accounts for 29% of the industry's operating costs as against 26% in 2010.
6 Airline Stocks With Top Buy Ratings
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.