{"id":367602,"date":"2024-06-03T13:27:02","date_gmt":"2024-06-03T16:27:02","guid":{"rendered":"https:\/\/anba.com.br\/?p=367602"},"modified":"2024-06-03T13:27:06","modified_gmt":"2024-06-03T16:27:06","slug":"airlines-expect-to-fly-5-billion-passengers","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/airlines-expect-to-fly-5-billion-passengers\/","title":{"rendered":"Airlines expect to fly 5 billion passengers"},"content":{"rendered":"\n

Dubai \u2013 Airlines are expecting to fly nearly 5 billion passengers in 2024, a new record beating the pre-Covid pandemic high in 2019, trade industry association IATA said on Monday (3).<\/p>\n\n\n\n

IATA<\/a> airline association also said at its annual meeting in Dubai, United Arab Emirates, that it expected the world\u2019s airlines to post USD 30 billion in net earnings this year. The airline industry\u2019s total revenues are expected to rise to USD 996 billion this year.<\/p>\n\n\n

\n
\"03
A crew from Emirates airline: UAE hosts IATA\u2019s meeting<\/figcaption><\/figure>\n<\/div>\n\n\n

The expected profit \u201cis a great achievement considering the recent deep pandemic losses\u201d, IATA director general Willie Walsh told the trade body\u2019s annual general meeting in Dubai. The industry body includes more than 300 airlines accounting for 83% of global traffic.<\/p>\n\n\n\n

The 4.96 billion passengers expected to fly this year would surpass 2019\u2019s record 4.54 billion.<\/p>\n\n\n\n

The health crisis had plunged the airline sector into abysmal losses. IATA put the losses at USD 183 billion between 2020 and 2022.<\/p>\n\n\n\n

\u201cThe post-COVID recovery has been remarkable,\u201d Vik Krishnan, airline sector specialist at McKinsey, describes to AFP, even if there are \u201ccontrasts depending on the region\u201d: \u201cdomestic lines in the United States are doing very well, like in China,\u201d but other markets remain behind, notably domestic networks in France and Germany, he notes.<\/p>\n\n\n\n

Airlines face rise in costs<\/strong><\/h2>\n\n\n\n

In 2023, the net profit was estimated at USD 27.4 billion. Walsh pointed out that profitability remains relatively low for his sector: 3% net margin in 2024.<\/p>\n\n\n\n

\u201cEarning just USD 6.14 per passenger is an indication of just how thin our profits are \u2013 barely enough for a coffee in many parts of the world,\u201d Walsh said.<\/p>\n\n\n

\n
\"International
IATA\u2019s Walsh: Industry faces rise in costs<\/figcaption><\/figure>\n<\/div>\n\n\n

Their total expenses are also expected to hit a record high this year, climbing 9.4% to USD 936 billion, IATA said.<\/p>\n\n\n\n

This will be fueled particularly by a fuel bill of USD 291 billion, or 31% of operational costs, based on a barrel of kerosene at USD 113.8.<\/p>\n\n\n\n

\u201cIt is very important that we achieve sustainable profitability. This will allow companies to fully invest in the products our customers want, and the means to achieve net zero CO2 emissions in 2050,\u201d added the CEO.<\/p>\n\n\n\n

Emissions<\/strong><\/h2>\n\n\n\n

To achieve \u201cnet zero emissions\u201d of CO2 by 2050, IATA is banking 65% on fuels of non-fossil origin \u2013 sustainable aviation fuel, or SAF \u2013 with optimization of operations on the ground and in the air, and carbon offsets.<\/p>\n\n\n\n

Read more:
<\/em>SAF: A solution to cut aviation emissions<\/a><\/p>\n\n\n\n

Production of SAF, taken from renewable sources, will triple this year compared to 2023, IATA said on Sunday, but it will account for just 0.53% of the industry\u2019s fuel needs in 2024.<\/p>\n\n\n\n

Reproduction is prohibited<\/strong><\/p>\n\n\n\n

Translated by Guilherme Miranda<\/strong><\/p>\n

\u00a9Vernon Yuen\/NurPhoto\/AFP<\/div>
\u00a9Bernd Von Jutrczenka\/DPA Picture-Alliance\/AFP<\/div>
\u00a9Fabrice Coffrinia\/AFP<\/div>","protected":false},"excerpt":{"rendered":"

At meeting in Dubai, trade body IATA said the passenger number is expected to be a record beating the 2019 high. Revenues are forecast to rise to unprecedent USD 996 billion, but airlines face a sharp rise in costs and challenges related to emissions.<\/p>\n","protected":false},"author":2345,"featured_media":367592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[101],"tags":[26555],"class_list":{"0":"post-367602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tourism","8":"tag-dubai-en-2"},"wps_subtitle":"At meeting in Dubai, trade body IATA said the passenger number is expected to be a record beating the 2019 high. Revenues are forecast to rise to unprecedent USD 996 billion, but airlines face a sharp rise in costs and challenges related to emissions.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/367602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2345"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=367602"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/367602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/367592"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=367602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=367602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=367602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}