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Global air carriers double profits by 2023

The estimate of Iata director general Willie Walsh at the Istanbul summit

Airlines around the world have more than doubled their forecasts for their aviation profits for 2023. However, they said delays in deliveries of new planes, combined with soaring demand from airlines, could dampen this recovery trend in the post-pandemic period. 

"The years of the health crisis are behind us now that borders are open as normal", said Willie Walsh, general director of the International Air Transport Association (Iata) said yesterday at its annual summit in Istanbul. 

The manager spoke of sector earnings forecasts rising to 9.8 billion dollars from 4.7 billion dollars at the end of 2022, encouraged by strong travel demand and easing oil prices. In recent months, the airlines have reported excellent results, as they prepare for an intense summer season, with the demand for travel on the rise, despite the peak in inflation.

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AVIONEWS - World Aeronautical Press Agency