Translation:
国际航协:2024年航空公司盈利前景改善 净利润305亿美元 (pdf)
Dubai – The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2024 compared with its June and December 2023 forecasts. An aggregate return above the cost of capital, however, continues to elude the global airline industry.
Outlook highlights include:
- Net profits are expected to reach $30.5 billion in 2024 (3.1% net profit margin). That will be an improvement on 2023 net profits which are estimated to be $27.4 billion (3.0% net profit margin). It is also an improvement on the $25.7 billion (2.7% net profit margin) forecast for 2024 profits that IATA released in December 2023.
- Return on invested capital in 2024 is expected to be 5.7%, which is about 3.4 percentage points (ppt) below the average cost of capital.
- Operating profits are expected to reach $59.9 billion in 2024, up from an estimated $52.2 billion in 2023.
- Total revenues are expected to reach $996 billion (+9.7%) in 2024—a record high.
- Total expenses are expected to reach $936 billion (+9.4%) in 2024—a record high.
- Total travelers are expected to reach 4.96 billion in 2024—a record high.
- Total air cargo volumes are expected to reach 62 million tonnes in 2024.
“In a world of many and growing uncertainties, airlines continue to shore-up their profitability. The expected aggregate net profit of $30.5 billion in 2024 is a great achievement considering the recent deep pandemic losses. With a record five billion air travelers expected in 2024, the human need to fly has never been stronger. Moreover, the global economy counts on air cargo to deliver the $8.3 trillion of trade that gets to customers by air. Without a doubt, aviation is vital to the ambitions and prosperity of individuals and economies. Strengthening airline profitability and growing financial resilience is important. Profitability enables investments in products to meet the…