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Will airline industry return to profitability in 2023?
Airlines are expected to post a small net profit of $4.7 bn in 2023; lower oil price inflation and continuing pent-up demand likely to help airlines...
Aviation staff shortage a nightmare for passengers
In the next 20 years, airlines will have to add 25,000 new aircraft to the current 17,000-strong commercial fleet. By 2026, there will be a need for...
Air industry recovery gathering pace despite uncertainty
Air passenger traffic is expected to hit 83 per cent of pre-pandemic levels this year and the aviation industry's return to profit is ‘within reach’...
Domestic air passenger traffic on good growth trajectory
Elevated ATF prices aggravated by geo-political issues will remain a near-term challenge for the industry and will continue to weigh on the...
International travel drives May air traffic recovery
Global traffic is now at 68.7% of pre-crisis levels. Domestic traffic for May 2022 was up 0.2% compared to the year-ago period
Why ICAO Assembly must devise ways to decarbonize aviation
The sector is facing several barriers to decarbonization, including the lack of regulatory support
Huge debt remains major challenge for airlines
The airlines’ losses globally are expected to be down from $52 billion in 2021 to $9.7 billion this year and industry-wide profit should be on the...
Tourism will create 421 mn jobs globally by 2029: WTTC
Foreign tourists arriving by air to India, who spend their money in the local economy, are estimated to support an additional 4.3 mn jobs in India
