Business Travel Comeback Pushes Global Spending Past $1.5 Trillion
June 16, 2024 at 08:00 AM EDT
The International Air Transport Association (IATA) significantly upgraded its profitability projections for airlines in 2024. The trade group now expects net profits to reach $30.5 billion, an increase from $27.4 billion in 2023. This surge in profitability is accompanied by record-high traveler numbers and revenues. A new record number of passengers is expected to fly in the U.S. this [...] The post Business Travel Comeback Pushes Global Spending Past $1.5 Trillion appeared first on ETF Trends .
