Global Airlines Upgrade 2024 Profit Outlook as Travel Skyrockets Written 3 June 2024

Lufthansa-Airbus-A380-Boeing-747-8-Frankfurt-Airport

A Lufthansa Airbus A380 and Boeing 747-8 at Frankfurt Airport | Kiefer–Wikipedia; CC BY-SA 2.0

Retuers reports, “Global airlines on Monday raised their profit forecast for 2024 and projected industry wide revenues just shy of $1 trillion as a record number of travellers board flights. The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this year, higher than an upwardly revised $27.4 billion in 2023 as carriers keep a lid on underlying labour costs despite recent strikes.”
Full Story (Reuters)