DUBAI: Global airlines on Monday raised their profit forecast for 2024 and projected industry-wide revenues just shy of $1 trillion as a record number of travellers board flights.
The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this year, higher than an upwardly revised $27.4 billion in 2023 as carriers keep a lid on underlying labour costs despite recent strikes.
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