Airlines Project Record Profits This Year, but There’s a Catch |
IATA director general Willie Walsh provides commentary on the numbers.
BY AVA LEVINSON, NEWS WRITER
(Photo by Jim Watson/AFP via Getty Images)
The International Air Transport Association (IATA) projects a record-breaking combined net profit of $41 billion for the global airline sector. But margins simultaneously remain thin, reflecting minimal cushion against potential setbacks.
Airlines are still rebounding from the turbulence the industry has faced in recent years. After seeing cumulative net losses of $200 billion during the pandemic from 2020 to 2022, the industry........