Tuesday, February 7, 2023

Aviation industry expects return to the black

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The aviation industry expects to return to profitability in the coming year. According to the industry association IATA, airlines are likely to still make losses worldwide in 2022. (Iconic image)

In 2023, however, the industry’s total surplus of around USD 4.7 billion will only be a fraction of the USD 26.4 billion in 2019, the International Air Transport Association (IATA) announced in Geneva on Tuesday.

The recovery in aviation is progressing differently in individual regions of the world: while the airlines in North America are already in the black this year, IATA in Latin America and Asia is still expecting losses in 2023.

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