IATA forecasts net airline profit next year

Saturday, 06 Dec, 2022 0

The aviation industry recovery will reach a welcome milestone of a net airline profit in 2023.

Global airlines are set to return to the black with a net profit of $4.7bn according to the International Air Transport Association.

“Airline profit is a great achievement considering the scale of the financial and economic damage caused by pandemic restrictions,” said IATA chief Willie Walsh.

According to aviation data firm Cirium, airlines lost a combined $220bn since the Covid pandemic.

Revenues dropped by 50% in 2020.

IATA forecasts 2022 net losses of only $6.9bn.

“Yes we are recovering; and the momentum is improving; but margins are very small.”



 

profileimage

Ray Monty



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...