Travel Demand Endures as Airlines Return to Profit: IATA Update
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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.