Seatbelts on, concerns off: Travel demand may lift airlines’ profits to $10 billion
Global airlines are seen reporting profits of around $9.8 billion from $4.7 billion in 2023 cheered by strong travel demand as the sector recovers from the COVID-19 pandemic, as per IATA data.
“The pandemic years are behind us and borders are open as normal,” Director General Willie Walsh told the annual meeting of the International Air Transport Association (IATA).
“Taking everything into account we believe this will be a good year for aviation,” Walsh said. Airlines will fly 4.35 billion passengers this year, close to the 2019 record, the lobby body said.
