New Delhi: The International Air Transport Association (IATA) on Wednesday announced strengthened profitability projections for airlines in 2023, which will then largely stabilise in 2024. However, net profitability at the global level is expected to be well below the cost of capital in both years due to rising interest rates, the report states. Outlook highlights include that airline industry net profits are expected to reach $25.7 billion in 2024 (2.7 per cent net profit margin). That will be a slight improvement over 2023 which is expected to show a $23.3 billion net profit (2.6 per cent net profit margin). In both 2023 and 2024, the return on invested capital will lag the cost of capita
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