Annual General Meeting & World Air Transport Summit 2024

ASIM, jun 07

The International Air Transport Association (IATA) unveiled its latest economic forecast during the 80th Annual General Meeting (AGM), once again highlighting the industry’s razor-thin profit margins. Remarkably, Latin America and the Caribbean reported their first net profits since the pandemic, with $200M in 2023 and an anticipated $600M in 2024. North America showed even stronger performance, with airlines posting $14.8B in net profits for 2023 and expected to achieve the same amount in 2024, equating to approximately $1.90 per passenger in Latin America/Caribbean and $13.10 per passenger in North America. Overall, the industry is projected to generate $60B in operating profits and $30.5B in net profits in 2024.

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