According to the announcement of the International Air Transport Association (IATA), the number of global air passengers will exceed five billion for the first time next year, and the industry's revenue will exceed one trillion dollars.
Publish dateWednesday 11 December 2024 - 12:37
According to Amac News: Based on the IATA announcement, the number of passengers will reach 5.2 billion in 2025, which shows a 6.7% increase compared to 2024, and this is the first time that the number of passengers will cross the five billion mark.
All regions are expected to perform better financially in 2025 than in 2024, IATA added.
However, profitability varies by company and region. For example, African airlines' collective net profit margins are expected to be the weakest at 0.9 percent, while Middle East airlines are likely to have the strongest margins at 8.2 percent.
Total industry revenue is also projected to reach $1.007 trillion, driven by lower oil and fuel prices, and "this is the first time that industry revenue has crossed the $1 trillion mark."
IATA's chief economic officer Marie Owens-Thomsen told a press conference in Geneva that the global airline industry is delivering a financial performance worth celebrating after the epidemic recovers.
IATA Director General Willie Wall also stated in the statement that industry profits are expected to reach $36.6 billion despite ongoing challenges in the supply chain, lack of infrastructure, heavy regulations and an increasing tax burden.
The statement also said 1,254 aircraft had been delivered to airlines in 2024, 30 percent below forecasts, adding that 17,000 undelivered aircraft were on the waiting list. These delays have forced airlines to use older and less efficient aircraft.
All regions are expected to perform better financially in 2025 than in 2024, IATA added.
However, profitability varies by company and region. For example, African airlines' collective net profit margins are expected to be the weakest at 0.9 percent, while Middle East airlines are likely to have the strongest margins at 8.2 percent.
Total industry revenue is also projected to reach $1.007 trillion, driven by lower oil and fuel prices, and "this is the first time that industry revenue has crossed the $1 trillion mark."
IATA's chief economic officer Marie Owens-Thomsen told a press conference in Geneva that the global airline industry is delivering a financial performance worth celebrating after the epidemic recovers.
IATA Director General Willie Wall also stated in the statement that industry profits are expected to reach $36.6 billion despite ongoing challenges in the supply chain, lack of infrastructure, heavy regulations and an increasing tax burden.
The statement also said 1,254 aircraft had been delivered to airlines in 2024, 30 percent below forecasts, adding that 17,000 undelivered aircraft were on the waiting list. These delays have forced airlines to use older and less efficient aircraft.
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Source : news agency wam
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