The global airline industry expected to clear an astounding 1 trillion dollars in revenue with passengers expected to hit an all-time high of 5 billion.
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00:00After years of COVID-related turbulence, the airlines are ready for takeoff in 2025.
00:06The global airline industry expected to clear an astounding $1 trillion in revenue,
00:12with passengers expect to hit an all-time high of $5 billion.
00:17This, according to the International Air Transport Association, the IATA also predicted
00:24Tuesday that the average profit per passenger would increase to around $7
00:28billion next year. That's more than triple the $2.25 per passenger just 18 months ago.
00:36Also marks a dramatic turnaround from the pandemic when airlines lost nearly $190
00:41billion collectively between 2020 and 2022. Apparently those fees we all
00:48reluctantly pay on everything from bags to extra legroom and changes are paying off.