Global airline industry profitability surges in 2023, with net profits expected to reach $9.8 billion this year, more than double the $4.7 billion forecast in December, according to the International Air Transport Association’s (IATA) projection on June 5. Stronger profitability is attributed to factors such as increased cargo revenues, the reopening of China, and lower jet fuel…
Airlines Warn Erratic Global COVID-19 Rules Could Delay Recovery
October 6, 2021
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BOSTON—Global airlines on Tuesday wrapped up their first meeting since COVID-19 lockdowns brought their industry to its knees, voicing optimism about pent-up demand but desperate for governments to harmonize disjointed border rules to avoid slipping back into recession. The International Air Transport Association (IATA), which groups 290 airlines, said confusion over travel restrictions were holding…
Airlines See Sharply Lower Losses in 2022, Recovery in Sight
BOSTON—Global airlines on Monday projected a sharp reduction in industry losses next year as a multi-speed recovery from the coronavirus crisis gets under way, but revised up the financial toll inflicted by the pandemic in 2020 and 2021. The International Air Transport Association, the industry’s main trade body, predicted that net losses at airlines would…
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