The recovery from the corona pandemic and higher ticket prices have given airlines around the world more profits in 2023 than before the crisis. For this year, the International Aviation Association IATA predicts a further increase in the sector to approximately 30.5 billion dollars (28.1 billion euros). That would be almost five billion more than predicted in December.
Last year, the airlines made an estimated profit of $27.4 billion, the association announced on Monday at its general meeting in Dubai. That is a billion more than before the pandemic in 2019.
Airlines in North America are expected to account for about half of global profits by 2024. The IATA forecasts a profit of $14.8 billion, the same as in 2023. Europe’s airlines are likely to increase their profits from the last $8.6 to $9 billion.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
