IATA now projects net airline industry profit of $23.3b in 2023 (2.6% net profit margin) and $25.7b in 2024 (2.7%); total revenues are expected to increase 7.6% y-o-y to record $964b ($717b pax revenues, up 12%) in 2024, when enplanements will reach record 4.7b pax (82.6% load factor) and cargo volumes will hit 61m tonnes vs 58m in 2023.
Global airline industry net profits are expected to reach $23.3 billion in 2023 and $25.7 billion in 2024, a slight strengthening over earlier forecasts
Boeing has appointed Henok Teferra Shawl as the new managing director for Boeing Africa to strengthen the company's operations and relationships across Africa.