26/01/2023
The Return of profits for the Aviation Industry 🤝
As you know the Private Aviation has been booming since the COVID Crisis with passengers looking for safer and more exclusive travels that guarantee greater reliability and flexibility. 🛩
The Airlines Industry, on the other hand, is recovering gradually from the COVID 19 crisis and the global traffic is estimated to have reached out 75% of 2019 already. For the 1st time in 3 years airlines carriers are expected to realize profits. ✈️
As a matter of fact, North American carriers are expected to realize profits of $9.9 billion in 2022 and $11.4 billion in 2023. In 2023, passenger demand growth of 6.4% is expected and hopping to serve 97.2% of pre-crisis demand levels. 🛫
Although Middle East carriers are expected to post a loss of $1.1 billion in 2022, they are anticipating a profit of $268 million in 2023. Over the year, a passenger demand growth of 23.4% is also expected. 📈
Source -> www.iata.org
What are your thoughts regarding the future of Aviation for the coming decade⁉️ 🚀 or 🎢⁉️
Leave a comment below 👇 and tell me about your expectations