Airline net profits are set to reach $30.5bn in the year ahead, according to International Air Transport Association (IATA). The projection is a marked improvement over last year’s net profits of an estimated $27.4bn, as well as IATA’s own December 2023 estimations of $25.7bn for full year 2024.   The strong net profit projections are driven by total revenues – which are expected to see a record high of $996bn – surpassing expenses, which are also set to hit record levels at $936bn. IATA’s June forecast added that operating profits are expected to reach $59.9bn, up from approximately $52.2bn in 2023.  

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