The global representative body for the airline industry, the International Air Transport Association (IATA), has forecast that African airlines would enjoy a higher net profit margin this year than they did last year. The figures were released at the IATA Annual General Meeting, in Dubai. The association predicted that African carriers would record a net profit of $0.1-billion this year. While this was in the same ball park as the figure for last year (also given as $0.1-billion), this year they would achieve a net profit margin of 0.6%, as against an estimated 0.4% for last year. Net profit per passenger was forecast to be $0.90 for this year, as against the $0.50 estimated for last year.