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Bangkok Post
Bangkok Post
Business

Air travel to soar near record in 2023: industry group

Airlines are expected to be back in the green this year, with net profits totalling $9.8 billion.

ISTANBUL: Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.

The industry is forecast to post net profits totally $9.8 billion in 2023, or double previous estimates, boosted by the end of China's Covid restrictions, according to the International Air Transport Association (IATA).

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