ower oil prices and solid, albeit slower, economic growth of 3.1% are extending the run of profits for carriers after profitability was squeezed by rising costs in 2018, according to Iata. Passenger numbers are projected to rise from 4.34 billion to 4.59 billion next year. Passenger revenues, excluding ancillaries, are expected to reach $606 billion, up from $564 billion this year. It is expected that 2019 will be the tenth year of profit and the fifth consecutive year where airlines deliver a return on capital that exceeds the industry’s cost of capital, creating value for its investors. Get the full story at Travel Weekly UK