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DUBAI: Airlines are expecting to fly nearly five billion passengers in 2024, a new record beating the pre-Covid pandemic high, trade industry association IATA said on Monday.
IATA also said it expected the world's airlines to post $30 billion in net earnings this year, up from its previous estimate of $25.7 billion.
The expected profit "is a great achievement considering the recent deep pandemic losses", IATA director general Willie Walsh told the trade body's annual general meeting in Dubai. "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.
The airline industry's total revenues are expected to rise nearly 10 percent to $996 billion this year, another record high, IATA said.
The industry body, which includes more than 300 airlines accounting for 83 percent of global traffic, is holding its 80th AGM in the United Arab Emirates financial hub.
Despite the strong figures, airlines are also facing a sharp rise in costs due to shortages of parts and labour and challenges related to climate change.
Their total expenses are also expected to hit a record high this year, climbing 9.4 percent to $936 billion, IATA said. – AFP/RSS
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'title' => 'Airline Passengers, Revenues to Hit Record Highs in 2024 ',
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'summary' => 'DUBAI: Airlines are expecting to fly nearly five billion passengers in 2024, a new record beating the pre-Covid pandemic high, trade industry association IATA said on Monday. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DUBAI: Airlines are expecting to fly nearly five billion passengers in 2024, a new record beating the pre-Covid pandemic high, trade industry association IATA said on Monday. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">IATA also said it expected the world's airlines to post $30 billion in net earnings this year, up from its previous estimate of $25.7 billion. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The expected profit "is a great achievement considering the recent deep pandemic losses", IATA director general Willie Walsh told the trade body's annual general meeting in Dubai. "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. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The airline industry's total revenues are expected to rise nearly 10 percent to $996 billion this year, another record high, IATA said. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The industry body, which includes more than 300 airlines accounting for 83 percent of global traffic, is holding its 80th AGM in the United Arab Emirates financial hub. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Despite the strong figures, airlines are also facing a sharp rise in costs due to shortages of parts and labour and challenges related to climate change. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Their total expenses are also expected to hit a record high this year, climbing 9.4 percent to $936 billion, IATA said. – AFP/RSS </span></span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
