According to IATA's 2012 forecast, the Middle East will not escape the industry downgraded outlook. But it remains a region with relatively strong growth prospects of 5.7% in terms of TPK. While this is markedly down on the pace of the post-recession period, it still is well above the 2.9% industry forecasted traffic growth. ATKs in the region are forecast to increase with 5.8%, which is 2.7 points above the expected industry average capacity growth. IATA predicts Middle Eastern carriers will follow the industry's trend of declining profitability, from a $900 million net profit in 2010, to $400 million last year and $300 million in 2012. If the eurozone crisis spirals out of control, Middle East carriers could potentially post a €400 million loss.
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