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2026/03/27
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Latest News:
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Latest News:
Aden Governor Meets French, German Ambassadors to Boost Development Cooperation
Vice Foreign Minister Holds Expanded Meeting with Heads of Missions in Gulf, Jordan, and Iraq
Yemeni Ambassador Holds Talks with EU Officials on Strengthening Ties
Aden Governor, Japanese Ambassador Discuss Expanding Development Interventions
Al-Eryani: Seizure of Iranian Smuggling Vessel off Bab al-Mandab Highlights Ongoing Houthi Supply Lines
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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