Air passenger demand continues to recover worldwide, having reached 96 percent of the pre-pandemic levels in 2019, last May. Know more:
AIR passenger demand continues to recover worldwide, having reached 96 percent of the pre-pandemic levels in 2019, last May.
In a news statement, IATA Director General Willie Walsh said: “We saw more good news in May. Planes were full, with the average load factors reaching 81.8 percent. Domestic markets reported growth on pre-pandemic levels. And, heading into the busy Northern summer travel season, international demand reached 90.8 percent of pre-pandemic levels.”
“People need and love to fly. The strong demand for travel is one element supporting a return to profitability by airlines. In 2023 we expect airlines globally to post a $9.8 billion net profit. It’s an impressive number, particularly after huge pandemic losses,” noted Walsh. “But a 1.2-percent average net profit margin is just $2.25 per departing passenger. As a return, that is not sustainable in the long-term.
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