The International Air Transport Association (IATA) expects airline net profits to reach $30.5 billion in 2024, up 11.3% from $27.4 billion in 2023.
According to forecasts published by IATA, total revenue in 2024 is expected to grow 9.7% year-on-year to a record $996 billion, while expense growth will be slightly lower at 9.4%. for a total of 936,000 million dollars.
For its part, some 4.96 billion people are expected to Travel in 2024, a historical maximum that exceeds the level of 2023 and the pre-pandemic level registered in 2019. In addition, cargo volumes are estimated to be 62 million tons in 2024.
For the director general of IATA, Willie Walshsaid that “the airline sector is on the path to sustainable profits, but “there is still a long way to go.”
«A return of 5.7% on invested capital is well below the cost of capital, which exceeds 9%. And earning only $6.14 per passenger is an indication of the low profit,” laments Walsh.
In 2024, it is expected to have an inventory of 38.7 million Flights, a figure of 1.4 million Flights lower than previous estimates (December 2023), largely attributable to the slowdown in the pace of deliveries due to persistent Supply chain problems in the aerospace sector.
