CAPA REPORT UPGRADE

Total revenues are expected to grow 9.7% year over year to USD803 billion.Īirline financial performance in 2023 is beating expectationsĪirline financial performance in 2023 is “beating expectations,” Willie Walsh, IATA’s Director General explained during the organisation’s AGM in Istanbul in Jun-2023, supported by several positive developments.Stronger profitability is supported by several positive developments.Airline industry net profits are expected to reach USD9.8 billion in 2023, a 1.2% net profit margin.IATA has announced an expected strengthening of airline industry profitability.Expense growth is expected to be contained to an 8.1% annual increase.Īround 4.35 billion people are expected to travel in 2023, which is closing in on the 4.54 billion who flew in 2019.

This is the first time that industry revenues will top the USD800 billion mark since 2019 (USD838 billion). Total revenues are expected to grow 9.7% year over year to USD803 billion. Stronger profitability is supported by several positive developments, including China lifting COVID-19 restrictions earlier in the year than anticipated cargo revenues remaining above pre-pandemic levels even though volumes have not and on cost side, jet fuel prices, although still high, have moderated over the first half of the year. Airline industry net profits are expected to reach USD9.8 billion in 2023 (1.2% net profit margin) which is more than double the previous forecast of USD4.7 billion from Dec-2022.

CAPA REPORT UPGRADE

The International Air Transport Association ( IATA) has announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023.

Capa report