Annually since 2005, we’ve analyzed the aviation value chain. Our newest results, based on 2023 data, indicate a strong year in which eight of the 11 subsectors we track improved, compared with prepandemic levels. The aviation value chain as a whole achieved a significant recovery, recording a marginal 2023 economic loss of roughly $3.6 billion compared with its 2022 loss of about $67 billion.
Beneath the surface, there have been notable shifts. The airline sector notched its best…
