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ISTANBUL, June 5, 2023 (AFP) – Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector’s post-pandemic recovery remains fragile, an industry group said on Monday. The industry is forecast to post net profits totally $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 […]
by Tangi Quemener Agence France Presse Propelled by inflation, the price of air tickets has begun to take off again after tumbling during the pandemic, a reversal that looks set to intensify due to environmental pressures, experts say. For members of the International Air Transport Association, gathered in Doha for their annual meeting this week, minds are focused on how far such increases risk undermining passenger growth targets. The IATA is also pleading for […]
President/COO of Philippine Airlines Gilbert Santa Maria discusses the backgound and prospects of PAL’s recovery plan as the airline navigates through the aviation business during a pandemic.
QUINTANA ROO, Mexico (Reuters) — The heads of global airlines are meeting in Cancun, Mexico for the general meeting of the International Air Transport Association (IATA), with the aviation body predicting robust earnings for the sector. Forecasting a third straight year of robust earnings, IATA raised its 2017 industry profit outlook on Monday (June 05) to $31.4 billion dollars, up from a previous forecast of $29.8 billion dollars. The IATA also raised its outlook for […]
