IATA Latest: Profit May Hit $10 Billion, Bunk Beds in the Sky

The airline industry’s main lobby body is doubling its estimate for global net profit in 2023 as a surge in flying drives up ticket prices, although risks include rising interest rates to combat spiraling inflation and lingering supply chain issues.

Airline executives from the some 300 airlines represented by the International Air Transport Association descended on Istanbul over the weekend for the start of the trade organization’s 79th annual general meeting. More than 1,520 participants are taking part in the event, the first being held since all Covid restrictions were lifted.

On the agenda are topics including sustainability, as ...