HP Newsroom

Airlines are expected to make profits in 2019 for the first time since the COVID-19 epidemic devastated the travel industry in 2019, according to information released by the International Air Transport Association (IATA profit) on Tuesday.

By 2023, after decreasing their losses, airlines would generate net profits of $4.7 billion, according to IATA profit.

IATA’s director general, Willie Walsh, said in a statement that airlines handled the COVID-19 problem appropriately by accepting the losses.

The first industrial profit since 2019 will signal the start of the economic recovery in 2023. Given the amount of the financial and economic suffering caused by the pandemic prohibitions, he thought this was an impressive accomplishment.

Next year, it is predicted that airline revenues will total $779 billion.