ISTANBUL :Global airlines more than doubled their 2023 industry profit forecast to $9.8 billion from $4.7 billion on Monday cheered by strong travel demand as the sector recovers from the COVID-19 pandemic.
Global airlines have in recent months reported strong results as they prepare for a busy summer season, with travel demand showing no sign of flagging despite peaking inflation.Revenue levels for 2023 are also inching closer to pre-pandemic levels, climbing to an expected $803 billion versus $838 billion in 2019.
Demand is being lifted by high levels of employment even with a weaker macroeconomic outlook, he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: