Dr. Wolfgang H Thome · @whthome
19th Dec 2018 from TwitLonger
#IATA Traffic forecasts 2019
The International Air Transport Association (IATA) forecasts the global airline industry net profit to be USD35.5 billion in 2019, slightly ahead of the USD32.3 billion expected net profit in 2018, which has been revised down from the USD33.8 billion figure predicted in Jun-2018. Passenger numbers are expected to reach 4.59 billion (up from 4.34 billion in 2018) and cargo tonnes carried are expected to reach 65.9 million (up from 63.7 million in 2018), it predicts.
African airlines in contrast are expected to once again end up with an estimated 300 million US Dollars of losses, down from an estimated 400 million US Dollars of losses this year.