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Willie Walsh’s Report on the Air Transport Industry at the 81st IATA AGM

Willie Walsh’s Report on the Air Transport Industry at the 81st IATA AGM

In 2025 airlines will make a $36 billion profit on revenues of $979 billion. While those are big numbers, let’s remember this equates to a net margin of a mere 3.7% or $7.20 net profit per passenger.  Our profitability is not commensurate to the enormous value that we create at the heart of a value chain supporting 3.9% of global GDP and providing and supporting jobs for 86.5 million people.