The airline projects revenue to hit record highs in 2024, but profit margins remain tight

The International Air Transport Association (IATA) has raised its profit forecast for the airline industry in 2024 and predicts a revenue of $996 billion.

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DUBAI, United Arab Emirates – The International Civil Aviation Organization has raised its profit forecast for the airline industry to $996 billion in 2024. – A record high and a 9.7% increase over the previous year.

The profit outlook for the year was released on Monday during the IATA The annual general meeting held in Dubai had expected a net profit of $30.5 billion in 2023, up from $25.7 billion posted in December.

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