India will become the most exciting civil aviation market on a global level due to robust government investments in airport infrastructure, said Willie Walsh, director general of the International Air Transport Association (IATA).
Walsh said, “I think India is the market for the future. I will be very optimistic about its growth. Potential growth in India is going to make it a very exciting market.”
IATA, which has over 300 airlines as members, stated that airline revenues globally will rise in 2024 as the sector witnesses continued growth in post-pandemic travel. It stated that in 2023, airlines turned profitable with estimated net profits of $23.3 billion and margins of 2.6 per cent.
