Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Aviation could see $779 billion in total revenues in 2023
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Wednesday, January 4, 2023
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Current statistics by the World Economic Forum predict that the net earnings for the global aviation industry will clock at $4.7 billion, although lower than the $26.4 billion reported in 2019.
Key Points:
- Current statistics by the World Economic Forum predict that the net earnings for the global aviation industry will clock at $4.7 billion, although lower than the $26.4 billion reported in 2019.
- As the industry warms up for 2023 prospects, aviation experts and air transport associations like IATA anticipates a return to profitability, effectiveness, and fewer disruptions.
- The airline industry is projected to reach $779 billion in total revenues in 2023, owing to the growing passenger demand.
- Revenues from this aviation segment will increase to $149.4 billion, representing a $52 billion drop in figures reported in the last quarter of 2022.