Air travel to soar near record in 2023 ...Middle East

ISTANBUL: Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back from the Covid pandemic, an industry group said today.The sector will also be back in the green, with net profits forecast to reach US$9.8 billion in 2023, or double previous estimates, boosted by the end of China’s Covid restrictions, according to the International Air Transport Association (IATA).The association added that its 2022 losses were half as bad as previously estimated at US$3.6 billion.“Airline financial performance in 2023 is beating expectations,” IATA director-general Willie Walsh said in a statement during the association’s annual general meeting in Istanbul.“

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Last updated : 05 June 2023 clock 03:05 PM

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Air travel to soar near record in 2023 ...Middle East

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