Geneva: Apple will earn more by selling an iPhone cover than the $7.90 profit per passenger that airlines will make next year, IATA chief Willie Walsh said on Tuesday, as he highlighted that industry-level margins remain a pittance.

The International Air Transport Association (IATA), which represents around 360 carriers worldwide, on Tuesday announced the industry's financial outlook for 2026, wherein the total net profit is projected at $1 billion.

\"Industry-level margins are still a pittance considering the value that airlines create by connecting people and economies. They stand at the core of a value chain that underpins nearly 4 per cent of the global economy and supports 87 million jobs.

\"Yet Apple will earn more selling an iPhone cover than the USD 7.90 airlines will make trans

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