The world’s five biggest airlines by market value now hail from Asia and Latin America, highlighting the industry’s shift away from the U.S. and Europe to higher-growth countries, the International Air Transport Association said Tuesday.
Based on its share price, Air China is twice the size of either Delta in the U.S. or Germany’s Lufthansa, indicating that markets expect future revenue growth to be strongest in Asia, IATA said. Get the full story »
