The International Air Transport Association (IATA) has advised the Indian Government to set domestic carriers free from policy interventions. It wants the Government to refrain from micro-managing the aviation industry, such as in ticket pricing. IATA has projected a dismal picture for the global aviation industry in 2012 with a fall in profitability and profit margin. However, it believes airlines in Asia-Pacific will be in a better situation in comparison to their global counterparts. IATA represents 240 airlines accounting for 84 per cent of global air traffic.