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Airlines project record revenue for 2024, but profit margins remain low

The International Air Transport Association (IATA) has raised its profit forecast for the airline industry in 2024 and forecasts record revenue of $996 billion.

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DUBAI, United Arab Emirates — The International Air Transport Association has raised its profit forecast for the airline industry in 2024, forecasting revenue of $996 billion. — a record and a jump of 9.7% compared to the previous year.

Profitability outlook for the year, published Monday at IATA The annual general meeting held in Dubai estimated expected net profits at $30.5 billion, up from the previous forecast of $25.7 billion published in December 2023.

News Source : www.cnbc.com
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