Airlines to be back in profit in 2023, says Willie Walsh
IATA director general Willie Walsh: 'Airline profitability is razor thin.'
The airline industry is set to achieve its first post-pandemic profit next year, as a travel rebound offsets the impact of ongoing Covid-19 curbs in China, the International Air Transport Association (IATA) predicted.
Carriers will likely generate a collective $4.7bn (€4.5bn) in profits in 2023, said IATA in an update to its financial outlook. While less than a fifth of the level seen in 2019, it is still a welcome development after years of disruption.
