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Last Update: ،
2025/11/11
Time
05:11:26
Latest News:
Chief of Staff discusses cooperation, coordination with partners
Minister al-Socotri Discusses with World Bank Delegation Implementation Development Projects
Minister of Defense discusses joint cooperation with British Military Attaché
President al-Alimi receives UK ambassador
Water Crisis Takes Center Stage: Deputy Minister Meets World Bank Officials
Latest News:
Chief of Staff discusses cooperation, coordination with partners
Minister al-Socotri Discusses with World Bank Delegation Implementation Development Projects
Minister of Defense discusses joint cooperation with British Military Attaché
President al-Alimi receives UK ambassador
Water Crisis Takes Center Stage: Deputy Minister Meets World Bank Officials
Global airlines anticipate one trillion profits this year
[03/06/2024 12:08]
WASHINGTON-SABA
Global airlines raised today, Monday, their 2024 profit forecasts, expecting sector-wide revenues of just under a trillion dollars, as the number of passengers rose to a record high.
The International Air Transport Association (IATA) has predicted that the global sector is set to produce profits of $30.5 billion this year, up from the upwardly adjusted $27.4 billion in 2023.
These forecasts come just 4 years after the sector collapsed, incurring losses of $140 billion in 2020 as a result of the coronavirus pandemic, higher than the forecast of $25.7 billion for 2024 issued in December.
Global airlines raised today, Monday, their 2024 profit forecasts, expecting sector-wide revenues of just under a trillion dollars, as the number of passengers rose to a record high.
The International Air Transport Association (IATA) has predicted that the global sector is set to produce profits of $30.5 billion this year, up from the upwardly adjusted $27.4 billion in 2023.
These forecasts come just 4 years after the sector collapsed, incurring losses of $140 billion in 2020 as a result of the coronavirus pandemic, higher than the forecast of $25.7 billion for 2024 issued in December.
Key words:
International - SABA Global - Association - coronavirus - WASHINGTON - passengers - collapsed - These - forecasts - expecting -
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