IATA forecasts improving industry profit for 2020, with net result of USD29.3bn

IATA forecast (11-Dec-2019) the global airline industry will generate a collective net profit of USD29.3 billion in 2020. If achieved, 2020 will mark the industry's 11th consecutive year of profitability. Key 2020 forecasts highlights include:

• Overall industry revenues forecast to grow 4% year-on-year to USD872 billion;
• Return on invested capital of 6.0% (improved from 5.7% expected in 2019);
• Net profit margin of at 3.4% (up from 3.1% for 2019);
• Average net profit per departing passenger of USD6.20, up 8.8%;
• Operating expenses up 3.5% to USD823 billion;
• Passengers of 4.72 billion, up 4.0%;
• RPK growth of 4.1%, down 0.1ppt;
• Freight tonnes carried of 62.4 million, up 2.0%. [more - original PR]