05
Jun
After three grueling years of losses, the airline industry is expected to return to profitability this year. The impact of the COVID-19 pandemic cost the industry some US$180 billion over a three-year period. However, the International Air Transport Association (IATA) predicts that the rebound will lead to a US$2.25 revenue per passenger this year. This is a significant improvement from the -1.1 dollars per passenger loss recorded last year. “As we noted in this report, the industry is expected to return to overall profitability in the year 2023, which is an incredible accomplishment given that $180 billion has been lost over the…