Global airlines will carry almost five billion passengers this year global trade body IATA says.
That will push airline revenues to nearly US$1 trillion.
Both would be all time records, IATA said.
The Association says it expects airlines to post about US$30 billion in net airline profit this year.
This is up on its previous forecast of US$25.7 billion.
Still, overall airline costs will rise to record highs too, the IATA general meeting in Dubai heard.
A US$30 billion airline profit is still nevertheless ‘a great achievement considering the recent deep pandemic losses’, said IATA director general Willie Walsh.
“Without a doubt, aviation is vital to the ambitions and prosperity of individuals and economies.”
The Covid-19 pandemic is still affecting the liquidity of some airlines with some smaller flag carriers still struggling.
IATA estimates the pandemic caused US$183 billion in losses globally between 2020 and 2022.
IATA’s 300 member airlines represent 83% of global air passenger traffic.
During the AGM, Delhi, India was announced as host of the 2025 meeting.
