IATA global airline profit estimate jumps to $10bn in 2023

IATA expects some 4.35bn passengers to travel in 2023, around 96 per cent of 2019 levels

Willie Walsh, director general of IATA and former chief executive of Aer Lingus: “Taking everything into account we believe this will be a good year for aviation.” Picture: Getty

The airline industry’s main lobby body is doubling its estimate for global net profit in 2023 as a surge in flying in North America and Europe drives up ticket prices.

Global industry profits are now expected to reach $9.8 billion this year, more than double the $4.7 billion forecast in December, the International Air Transport Association (IATA) said in a statement Monday.

IATA - which represents over 300 airlines, including Ryanair and Aer Lingus - ...