International Air Transport Association

Airline Profits Forecast to Fall as Fares Keep Rising

The International Air Transport Association has cut its 2011 profit forecast for the industry in half, and fares are on the rise. The IATA downgraded its 2011 airline industry profit forecast to $4 billion -- 54% less than its March forecast and 78% less than the industry netted in 2010.

Why U.S. Airlines Are Beating Europe's

The Icelandic volcano isn't the only thing that hit the Continent's carriers hard. They've also had to grapple with currency woes, the European debt crisis and falling consumer confidence. U.S. airlines have avoided much of that storminess.