Global airlines more than double 2023 industry profit forecast

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Global airlines more than double 2023 industry profit forecast
Philippines Latest News,Philippines Headlines
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Global airlines have in recent months reported strong results as they prepare for a busy summer season, with travel demand showing no sign of flagging despite peaking inflation

Revenue levels for 2023 are also inching closer to pre-pandemic levels, climbing to an expected $803-billion versus $838-billion in 2019.

Demand is being lifted by high levels of employment even with a weaker macroeconomic outlook, he said. Still, Walsh told delegates from some 300 airlines that ongoing challenges, such as supply chain issues and rising airport charges, were dragging down the industry’s recovery.

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