Airline industry to generate US$ 9.8 billion net profit, with 1.2% net profit margin: IATA

IATA, in its quarterly air transport chartbook for 2nd Quarter 2023, reported that the global airline industry is expected to generate a net profit of USD9.8 billion in 2023, with a modest 1.2% net profit margin. This translates to an expected profit of USD2.25 per passenger.