airline profitability – आवारा मुसाफिर

Airline profitability outlook improves for 2024

June 3, 2024281 Views

The International Air Transport Association (IATA) has announced strengthened profitability projections for airlines in 2024 compared with its June and December 2023 forecasts. An aggregate return above the cost of capital, however, continues to elude the global airline industry. Outlook highlights include: Net profits are expected to reach $30.5 billion in 2024 (3.1% net profit margin). That will be an improvement on 2023 net profits which are estimated to be $27.4 billion (3.0% net profit margin). It is also an improvement on the $25.7 billion (2.7% net profit margin) forecast for 2024 profits that IATA released in December 2023. Return on invested capital in 2024 is expected to be 5.7%, which is about 3.4 percentage points (ppt) below the average cost of capital. Operating...

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Travel recovery rebuilding airline profitability

AWARA MUSAFIR BUREAU

June 20, 2022763 Views

Resilient industry cuts losses to $9.7 billion The International Air Transport Association (IATA) has announced an upgrade to its outlook for the airline industry’s 2022 financial performance as the pace of recovery from the COVID-19 crisis quickens. It was presented at the three day 78th IATA Annual General Meeting & World Air Transport Summit taking place in Doha, Qatar, 19-21 June 2022, hosted by Qatar Airways. Some 1,000 aviation leaders from IATA member airlines, governments, industry stakeholders, strategic partners and members of the media are attending the event. Forecast highlights include: Industry losses are expected to reduce to -$9.7 billion (improved from the October 2021 forecast for an $11.6 billion loss) for a net loss margin of -1.2%. That is a huge impr...