IATA predicts record high 2024 airline revenue amid reduced cargo ops
Cargo revenue expected to fall 13% YoY to $120B
IATA today announced strengthened profitability projections for airlines in 2024 compared with its June 2023 and December 2023 forecasts. Nevertheless, the advocacy group said, airlines will continue to miss an aggregate return above the cost of capital. Net profits are expected to reach $30.5 billion in 2024 with a 3.1% net profit margin, an improvement […]
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