Reported 6 months ago
The International Air Transport Association (IATA) forecasts airlines to generate $996 billion in revenue in 2024, with a projected profit of $30 billion by year-end. This estimate shows increased profit compared to previous years, despite thin profit margins. The report also highlights various regional contributions to industry profits, with North America expected to be a significant contributor. However, factors like subdued demand in Asia and challenges like slowing growth and youth unemployment may pose risks to the industry's recovery.
Source: YAHOO