The association said that airline industry net profits are expected to reach US$9.8 billion this year, more than double the previous forecast of $4.7 billion which was published in December 2022.
IATA also said that it now expects 4.35 billion people to fly in 2023, not far off the 4.54 billion people who took a flight in 2019 before the onset of the pandemic.
Polling carried out in May this year indicates that more than three-quarters (77 per cent) of respondents are now travelling as much or more than they did before Covid-19.

IATA: 4.35 billion people expected to fly in 2023

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.