“Taking everything into account we believe this will be a good year for aviation,” Willie Walsh, the director general of IATA, said in an interview with Bloomberg Television. Walsh said he was “cautiously optimistic” about the outlook.
The airline industry’s main lobby body is doubling its estimate for global net profit in 2023 as a surge in flying in North America and Europe drives up ticket prices.
Global industry profits are now expected to reach US$9.8 billion ($13.25 billion) this year, more than double the US$4.7 billion forecast in December, the International Air Transport Association (IATA) said in a statement on June 5. IATA expects some 4.35 billion passengers to travel in 2023, around 96% of 2019 levels.
