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That is a reversal from December, when the Geneva-based global trade group said it expected North American airlines to do best in 2013 with a combined net profit of $3.4 billion, ahead of the $3.2 billion forecast for Asia Pacific airlines. Tony Tyler, chief executive of the trade group, told reporters in Geneva that airlines' financial performance is made all the more difficult by high fuel costs, with jet fuel expected to rise to $130 per barrel on average for 2013
-- up from the $124 per barrel this year the group said it expected in December.
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