India’s aerospace triumph! IATA projects record profits and revenue in 2024 – Key Pointers
The airline industry is anticipated to achieve a net profit of USD 25.7 billion and reach a record-breaking revenue of USD 964 billion in 2024, marking a positive trajectory in both passenger and cargo segments, the International Air Transport Association (IATA) said on Wednesday. Contrary to earlier projections by IATA in June, the net profit for 2023 is estimated to be USD 23.3 billion, significantly surpassing the initial projection of USD 9.8 billion. IATA Director General Willie Walsh expressed enthusiasm about India’s aviation market, considering it a “hugely exciting market” and showed optimism about its growth potential, reported PTI.
