2020 could be a bumper year for the air travel industry. Estimates shared by tourism consulting firm- IATA (International Air Travel Association)- suggest that the net profits will soar to nearly twenty- six billion dollars. This follows on from a successful 2019. An earlier forecast had put it at 28 billion. The reasons for the slight reduction are the impacts of the global economic slowdown. Cargo demand also reduces as a result. Trade wars and geopolitical tensions do not help either. Among the regions, the Middle East, Latin America and Africa could lose money, while North America will do the best. The latter should account for about 65% of overall industry profits.

Source:https://www.tourism-review.com/airline-industry-has-a-positive-outlook-news11323

Uploaded Date:06 January 2020