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Airline passengers, revenues globally set to hit records in 2024
The Straits Times
|June 04, 2024
Airlines will fly nearly five billion passengers in 2024 and revenues will soar close to US$1 trillion (S$1.35 trillion) - both record highs said the International Air Transport Association (lata) on June 3 as the industry roars back after the Covid-19 pandemic.
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The trade body also said it expected the world's airlines to post US$30 billion in net earnings this year, up from its previous estimate of US$25.7 billion.
However, total expenses are also expected to hit a record high this year, climbing 9.4 per cent to US$936 billion, Iata announced at its annual general meeting (AGM) in Dubai.
The expected US$30 billion profit "is a great achievement considering the recent deep pandemic losses", lata director general Willie Walsh said.
"Without a doubt, aviation is vital to the ambitions and prosperity of individuals and economies.
Strengthening airline profitability and growing financial resilience is important," he added.
Cette histoire est tirée de l'édition June 04, 2024 de The Straits Times.
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