The global airline industry has revised its profit upwards to £27.3bn ($39.4bn), citing low oil prices and consistently high passenger demand.
The International Air Transport Association (IATA) said over half of the profits - £15.9bn - would be generated in North America, while African carriers are expected to see an overall loss of £346m.
The outlook is based on oil averaging $45 a barrel (crude is currently sitting just below $50 a barrel). The low oil price will mean that fuel is expected to represent 19.7% of the industry's expense, down from a recent high of 33.1% in 2012-13.