21 FEBRUARY 2011
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London’s Radisson Blu hotel in Portman Square is the venue for the third ACI (Airports Council International) conference and exhibition on 1 and 2 March 2011.
ICAO and IATA, in their most recent forecast of airline industry profits published in December 2010, have increased the estimate for 2010 net post-tax profits to US$15.1bn. The forecast for 2011 is a little more wary, with net profits forecast to slip back to US$9.1bn. The reasons cited for this more cautious outlook in 2011 is further oil and jet fuel rises and problems in some of the heavily indebted European countries.
A more profitable and growing airline sector, with an accompanying increase in passenger numbers and cargo traffic volumes, are a welcome development for the world's airports and their business partners. However, the cyclicality of the aviation industry and the complexities of the global market place and regulatory environment ensure that there will always be new challenges to address and overcome. ACI says that the conference will focus on the key issues relating to the sound financial management and economic sustainability of airports. www.aci-europe.org
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