Please agree to our privacy policy to enable news listening. (Central News Agency, Rio de Janeiro, comprehensive foreign news report on the 7th) According to industry forecasts released today, airlines are expected to carry more passengers this year, but profits will be only half of last year. High fuel prices do not appear to have completely curbed travel demand. Agence France-Presse reports that the International Air Transport Association (IATA) estimates that its 370 member airlines will carry 5.1 billion passengers this year, an annual increase of 2.4%. IATA member airlines account for 85% of global air traffic, carrying an estimated 4.98 billion passengers last year. In 2023, the number of passengers carried will exceed the 4 billion mark. Reporters asked IATA Director General Willie Walsh to compare the impact on the aviation industry between 2020 and 2021 of the COVID-19 (coronavirus disease) epidemic and the war in the Middle East. He said: “I don’t think this is a crisis.” He said: “You are looking at an industry that is predicted to grow. Excluding the impact of the Middle East, our basic growth rate will be 3.5%.” However, the profits associated with this growth are only half of last year, and airlines in the Middle East are expected to suffer losses. “Disruptions related to the war in the Middle East and rising fuel costs have worsened the outlook for the aviation industry,” Walsh said in a statement. “Profits will shrink from $45 billion in 2025 to $23 billion this year, and profit margins will fall from 4.2% to 2.0%,” he said, referring to net profit margins. According to IATA calculations, the estimated net profit per passenger is US$4.50, which is only half of last year. “In this case, the numbers reflect industry resilience,” Walsh said in a statement. “But at most World Cup venues where you can’t even buy a hot dog, that leaves little buffer if other costs or taxes start to rise.” (Compiler: He Hongru) 1150608 Support the Central News Agency’s choice to stand with the facts. Every donation you make is the power to protect press freedom. For small donations, download the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures, and audio and video on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
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IATA forecast: The aviation industry will increase passenger volume and halve profits in 2026 | International | Central News Agency CNA
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