IATA expects banner year for travel in 2024
With travel demand booming in North America, the Middle East and Europe, the airline sector has mostly recovered from the unprecedented hit suffered during the Covid-19 pandemic
Airlines expect record traveler numbers and revenues in 2024 but will continue to be constrained by the high cost of capital and limited capacity, the International Air Transport Association said Wednesday.
Key takeaways
- Airline revenue is expected to reach a record $964 billion in 2024, the International Air Transport Association (IATA) reported this week;
- The airline industry is booming again, with an expected 4.7 billion passengers seen flying in 2024, a number that exceeds pre-pandemic levels;
- North America, Europe, and the Middle East are expected to be profitable next year, while cargo revenue faces challenges.
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