Global airlines anticipate one trillion profits this year

Baggash Seeks Vietnamese Academic Cooperation

The Undersecretary of the Ministry of Foreign Affairs and Expatriates for Politcal Affairs Dr. Mansour Baggash held discussions today, Friday, with the Vietnamese Deputy Minister of Education and Training Nguyen Van Phuc over bilateral cooperation in the field of the academic, education and training.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

Italian GDP rises 0.3 percent

The Bank of Italy (the central bank) announced that the country's GDP grew by 0.3 percent in the first quarter of 2025 compared to the previous quarter, driven by an increase in consumption and investment, in addition to limited American demand.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/07/18 Time 10:54:42
Latest News:

Leadership Council Member AL-Zubaidi Urges Government to Accelerate Performance

Yemen's Ambassadors to Czech Republic, Indonesia swear-in before President al-Alimi

Yemen and Vietnam Sign Memorandum of Understanding to Enhance Bilateral Cooperation

Judge Sahl Hamza swears-in before President al-Alimi

Cabinet Discusses Economic and Financial Developments, and Efforts to Foil Houthi Plots

Global airlines anticipate one trillion profits this year

[03/06/2024 12:08]

WASHINGTON-SABA
Global airlines raised today, Monday, their 2024 profit forecasts, expecting sector-wide revenues of just under a trillion dollars, as the number of passengers rose to a record high.

The International Air Transport Association (IATA) has predicted that the global sector is set to produce profits of $30.5 billion this year, up from the upwardly adjusted $27.4 billion in 2023.

These forecasts come just 4 years after the sector collapsed, incurring losses of $140 billion in 2020 as a result of the coronavirus pandemic, higher than the forecast of $25.7 billion for 2024 issued in December.