Global airlines expect to make $30.5 billion profit in 2024 with increased air travel

From Investing.com: 2024-06-03 01:41:41

Global airlines have raised profit forecast for 2024 to $30.5 billion, close to $1 trillion in revenues, due to increase in air travelers. The industry suffered a $140 billion loss in 2020 during the pandemic. Supply chain disruption affecting ability to meet travel demand. Passenger yields to increase by 3.2%, cargo to fall 17.5%. In Asia, profit forecast tripled to $2.2 billion. North America remains most profitable region at $14.9 billion. Airbus and Boeing facing supply issues, impacting production plans.



Read more at Investing.com: Global airlines raise profit outlook for 2024 By Reuters