The global aviation industry is expected to finally end years of losses with a net profit of US$4.7 billion in 2023, but Asia-Pacific airlines will have to wait a lot longer for their balance sheets to recover, according to the International Air Transport Association (IATA).
Willie Walsh, director-general of IATA, said he was optimistic about aviation growth next year, despite challenges from inflation, high costs of living, and below-par economic expansion.
