Inside March 2020 emergence Pandemic coronavirus It left 90 percent of the world’s planes grounded for months. It happened”worst crisis In the history of aviation,” as the CEO of the International Air Transport Association (IATA) described it at the time, Alexandre de Juniac. Almost four years later, this association predicts a new “historical record”. 4.7 billion passengers It will exceed 4.54 billion in the world in 2024.
Airlines When this year is over, they will clean the wipers. Improvement tourisma confrontation new stage nail accumulated net earnings they expect this to rise to $25,700 million (23,826 million euros at the current exchange rate). This prediction is slightly above the 2023 result where they expect to win. $23.3 billion (21.6 billion euros at current exchange rates)According to IATA. In addition to being a record, the number projections The history of this association dates back to June of this year, when a forecast of 9.8 billion dollars (9,085 million euros) was made for the end of the year.
referred to billingIn 2024, the sector will reach an unprecedented level of 964,000 million dollars (893,740 million euros) in 2024, above the 896,000 million (830,700 million euros) forecast for 2023 and the 838,000 million (776,930 million euros) recorded in 2019. costswill remain high on their own fuel price –companies are waiting for an invoice $281 billion (EUR 260,240 million) for this concept in 2024, 10,000 million (EUR 9,261 million) more than this year, for a total of up to $914,000 million (EUR 846,470 million). In 2023, the total cost will be 855,000 million dollars (791,830 million euros).
Despite the good numbers, the association wants to include them too”perspective” underlining low profitability airline companies with average net profit margins 2.7%. “On average airlines only $5.45 (5.05 euros) for each passenger carried. This is enough to buy A ‘café latte’ at Starbucks from London. But this is too little to build a crisis-proof future for a global industry (…) Airlines will always compete fiercely for their customers, but they will remain so. very overwhelmed due to onerous regulations, fragmentation, high infrastructure costs and a crowded supply chain oligopoliesIATA’s current director general, Willie Walsh, was stated in the statement.
On a regional basis, IATA expects Europe to finish this year “with a stronger-than-expected performance despite various capacity issues and supply constraints.” But strong demand for air travel is expected to “continue” in 2024, with net profit “marginally strengthening” to $7.7 billion (7.131 billion euros). Risks on the horizon for this region include “a tight labor market and war in Ukraine and the Middle East.”