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Airline industry doubles its 2023 profit forecast as demand surges

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Global airlines more than double their 2023 industry profit forecast to $9.8B from $4.7B cheered by strong travel demand as the sector recovers from the Covid-19 pandemic, according to IATA

Revenue levels for 2023 are also inching closer to pre-pandemic levels, IATA says. / Photo: Reuters Archive

"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 on Monday. "A lot of people not just have to travel, but want to travel. And they will continue to do so through this year," Walsh told Reuters in an interview separately.

 

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Global airlines more than double 2023 profit outlookGlobal 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.
Source: Reuters - 🏆 2. / 97 Read more »