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Travel Demand Endures as Airlines Return to Profit: IATA Update

Bloomberg business news
WATCH: Airbus CEO Guillaume Faury discusses the outlook for the aviation industry, competition and demand for narrowbody jets.Source: Bloomberg
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After two years of unprecedented pain brought on by Covid, the airline industry should return to profitable times next year as pent-up demand for travel sustains bookings.

That’s the prediction of the International Air Transport Association, which Monday at its 78th annual general meeting in Doha said airlines have emerged “leaner, tougher and nimble,” having defied predictions for widespread bankruptcies and failures, according to Director General Willie Walsh.