4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
IATA: All regions to see higher profits in 2024
Tuesday, 18th June 2024
Source : International Air Transport Association (IATA)

All regions became profitable in 2023, generating a net profit totaling USD 27+ billion and in 2024, profits look set to rise to USD 30+ billion for the industry.

While all regions will see improved results, profits are spread rather unevenly across geographies.

Net profit by region, USD billion (right), and revenue passenger kilometer, billion (left)

North America continues to lead in terms of financial performance.

As the first market to return to profitability already in 2022, we expect the North American airlines to deliver a net profit of USD 14.8 billion in 2024.
 
European carriers will most likely grow their bottom line also in 2024 to USD 9 billion.

Demand is expected to remain strong, but supply chain issues, together with high interest rates and the risk of labor disputes may prevent further increases in profitability.
 
Asia Pacific showed remarkable revenue growth in 2023 and the region is expected to be responsible for half of the world’s RPK growth this year.

This is very much thanks to the gains seen in the domestic markets. However, international travel in the region remains subdued. 
 
The Middle East is estimated to deliver a strong financial performance in 2024, likely recording a net profit of around USD 3.8 billion.

The Middle East carriers benefit from the strong economic performance in the region, and they operate important global hubs.  
 
Latin America has seen a steady improvement in financial performance since 2020 but is expected to generate only a minor profit in 2024 of USD 0.6 billion.

The performance of airlines across this region has been very mixed. While some are performing strongly, others find themselves in considerable financial difficulties, including being in or coming out of Chapter 11 proceedings. In part, this is a consequence of the economic and social turmoil observed in the region.   

Africa is set to deliver a marginal but encouraging profit of around USD 0.1 billion in 2024.

 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2025 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy