All regions became profitable in 2023, generating a net profit totaling USD 27.4 billion. In 2024, profits look set to rise to USD 30.5 billion for bongdaso com vn industry. While all regions will see improved results, profits are spread rather unevenly across geographies.
▪ North America continues to lead in terms of financial performance. As bongdaso com vn first market to return to profitability already in 2022, we expect bongdaso com vn North American airlines to deliver a net profit of USD 14.8 billion in 2024.
▪ European carriers will most likely grow their bottom line also in 2024 to USD 9 billion. Demand is expected to remain strong, but supply chain issues, together with high interest rates and bongdaso com vn risk of labor disputes may prevent further increases in profitability.
▪ Asia Pacific showed remarkable revenue growth in 2023 and bongdaso com vn region is expected to be responsible for half of bongdaso com vn world’s RPK growth this year. This is very much thanks to bongdaso com vn gains seen in bongdaso com vn domestic markets. However, international travel in bongdaso com vn region remains subdued.
▪ bongdaso com vn Middle East is estimated to deliver a strong financial performance in 2024, likely recording a net profit of around USD 3.8 billion. bongdaso com vn Middle East carriers benefit from bongdaso com vn strong economic performance in bongdaso com vn region, and they operate important global hubs.
▪ Latin America has seen a steady improvement in financial performance since 2020 but is expected to generate only a minor profit in 2024 of USD 0.6 billion. bongdaso com vn performance of airlines across this region has been very mixed. While some are performing strongly, others find themselves in considerable financial difficulties, including being in or coming out of Chapter 11 proceedings. In part, this is a consequence of bongdaso com vn economic and social turmoil observed in bongdaso com vn region.
▪ Africa is set to deliver a marginal but encouraging profit of around USD 0.1 billion in 2024
Source: https://www.iata.org/en/publications/economics/chart-week/chart-of-bongdaso com vn-week-14-june-2024/
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