Iata expects slight improvements for 2020
Iata has forecast that the global airline industry will produce a net profit of USD 29.3 billion in 2020, above the net profit of USD 25.9 billion expected in 2019. If achieved, 2020 will mark the industry’s 11th consecutive year in the black. $
In 2019 cargo traffic turned negative for the first time since 2012. The 3.3% annual decline in demand was the steepest drop since 2009 during the global financial crisis. Freight carriage slipped to 61.2 million t (2018: 63.3 million t).
Cargo traffic is expected to rebound with 2% growth in 2020, with tonnes forecast to reach 62.4 million, which is still below the 2018 result. Yields will continue to slide (-3%), but softer than in 2019 (-5%). Cargo revenues will slip for a third year in 2020 with revenues expected to total USD 101.2 billion (-1.1%). (ah)