KBRA’s 2024 Global Aviation Sector Outlook report sees a favourable outlook for the sector in 2024 with global aviation markets showing a persistent recovery despite industry and macroeconomic challenges. KBRA believes the robust recovery in worldwide air travel demand and increased airline efficiency with high load factors drove improved profitability, boding well for 2024. With global airlines returning to profitability in 2023 with an estimated $23.3bn in net profits, airlines are set to generate $25.7bn in net profits on historically high revenues of $964bn in 2024, according to the International Air Transport Association (IATA). However, airline earnings margins remain thin

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