North America to lose position as most profitable region for airlines

Europe to overtake the region as travel in the US faces stagnating demand

IATA director general Willie Walsh. 

North America is set to lose its position as the most profitable region for airlines to Europe as travel, particularly in the US, stagnates and the domestic market contracts, a new report for the International Air Transport Association (IATA) has found.

According to the IATA’s latest global outlook report, overall passenger traffic is forecasted to grow by 4.9% next year, led by the Asia-Pacific region’s expansion by 7.3%.