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The airline industry is projected to post a net profit of USD 25.7 billion and revenue at a historic high of USD 964 billion in 2024 as more normal growth is expected in both passenger and cargo segments, global grouping IATA said .
As per PTI report, For 2023, the net profit is estimated at USD 23.3 billion, significantly higher than the USD 9.8 billion projected by the International Air Transport Association (IATA) in June this year. Briefing reporters here, IATA Director General Willie Walsh said India is a “hugely exciting market” and that he was very optimistic.
He was responding to a query related to India — one of the world’s fastest growing civil aviation markets.
IATA is a grouping of more than 300 airlines. t said industry revenues are expected to touch a historic high of USD 964 billion next year.
