IATA increases airline net profit forecasts for 2024.
MALAYSIA: The International Air Transport Association (IATA) increased its forecast for airline profitability in 2024 from US$25.7bil in December 2023 to US$30.5bil in net profit. According to the report, the increased profitability is expected to surpass US$ 27.4 billion in 2023. According to IATA, despite pressure from rising costs of living, North America remains the…