ISTANBUL: Airline industry net profit is expected to reach US$9.8 billion in 2023 with a 1.2 per cent margin, which is more than double the previous forecast of US$4.7 billion made in December 2022, said the International Air Transport Association (IATA) today (US$1=RM4.57).It said profitability is estimated to strengthen in 2023, driven by positive developments including increasing travel demand. IATA director-general Willie Walsh said this year’s financial performances are also beating expectations.“The stronger profitability is supported by several positive developments. China lifted COVID-19 restrictions earlier than anticipated. Cargo revenues remain above pre-pandemic levels even thoug
Hence then, the article about airline industry net profit to reach us 9 8 bln in 2023 was published today ( ) and is available onDaily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Airline industry net profit to reach US$9.8 bln in 2023 )