The International Air Transport Association (IATA) anticipates a landmark year for the aviation sector in 2024, projecting a record-breaking 4.7 billion passengers as the industry recovers from the Covid-19 pandemic. This forecast, announced in IATA’s annual industry trends review, signals a return to pre-pandemic growth patterns and connectivity levels.

Willie Walsh, IATA’s director general, highlighted the rebound, attributing it to the public’s enduring passion for travel. This recovery marks a significant milestone, with the expected passenger count for 2024 surpassing the 2019 pre-pandemic high of 4.5 billion.

Despite this optimistic outlook, concerns about profitability continue to loom over the industry. For the current year, IATA has slightly revised its passenger forecast to 4.29 billion, a minor reduction from the previously estimated 4.35 billion. This adjustment reflects the ongoing challenges and uncertainties facing the airline sector as it emerges from the pandemic’s impact.

Source : https://www.researchandmarkets.com/issues/record-breaking-4-7-billion-passengers-expected