Global airline body expects airfares to fall in 2025, with profits set to soar
The global airline industry is expected to reap net profits of US$36.6 billion in 2025, up 16 per cent from an estimated US$31.5 billion this year, despite ongoing cost and supply chain challenges, an international trade body has said, while predicting more affordable airfares. The International Air Transport Association (IATA) said the increase would be…