IATA Projects Continued Airline Profits into 2024

 

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December 08, 2023 IATA Projects Continued Airline Profits into 2024 By Donna M. Airoldi Airline profitability for 2023 exceeded June projections from the International Air Transport Association, the organization announced. IATA now projects global airline revenue for 2023 to reach $896 billion, $93 billion higher than forecast six months ago. Expenses also are anticipated to increase to $855 billion. Keep Reading Delta to Add Seattle-Taipei Service Delta Air Lines plans to add flights between Seattle and Taipei beginning June 6, pending government approval. Keep Reading Emburse Puts Cards on Mastercard Network Emburse has partnered with Mastercard as the new payments network for Emburse Cards, which the travel and expense management provider said will add security and efficiency to its payments product. Keep Reading SAF Certificate Registry Launches at COP28 An independent, not-for-profit sustainable aviation fuel certificate registry was launched at COP28, clean energy nonprofit RMI announced. Keep Reading Corporate Travel Warned To Change Payment Processes Ahead Of New EU Regulation Subscribe to the Beat IATA: SAF Production to Triple in 2024 After the production of sustainable aviation fuel doubled in 2023, it is expected to triple in 2024 to nearly 1.9 billion liters, according to IATA. Keep Reading Travelport to Launch Virgin Atlantic NDC Content Travelport has renewed and expanded its agreement with Virgin Atlantic to include New Distribution Capability content through the Travelport Plus platform. Keep Reading Hyatt Expands Luxury Pipeline Amid 'Increased Demand' Hyatt Hotels Corp. has plans to open 37 luxury hotels and resorts globally through 2025 amid "increased demand" for luxury travel. Keep Reading 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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