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Airline Industry Predicts Profit in 2023, Defying Slowdown

  • IATA confident on outlook, sees more-modest losses this year
  • Staffing said to ease; Emirates says some carriers unprepared
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WATCH: IATA Director General Willie Walsh says airlines will be able to sustain their rebound from the coronavirus crisis even with a global economic slowdown.Source: Bloomberg
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The airline industry will return to profit next year as pent-up demand for travel sustains bookings even as the global economy tightens, the International Air Transport Association trade group predicted.

Losses this year are likely to total $9.7 billion as air travel begins its recovery from the coronavirus crisis, IATA said Monday in an update at its annual meeting in Doha, an improvement on the $11.6 billion deficit predicted at the previous gathering last October.