{"id":30486,"date":"2022-12-08T11:30:14","date_gmt":"2022-12-08T11:30:14","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/air-transport-body-expects-airlines-to-return-to-profitability-in-2023"},"modified":"2022-12-08T11:30:14","modified_gmt":"2022-12-08T11:30:14","slug":"air-transport-body-expects-airlines-to-return-to-profitability-in-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/air-transport-body-expects-airlines-to-return-to-profitability-in-2023","title":{"rendered":"Air transport body expects airlines to return to profitability in 2023"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>The International Air Transport Association (IATA) on Tuesday said that the global airline industry would return to profit next year for the first time since 2019.<\/p>\n<p>The association expects a small net profit of around $4.7 billion in 2023, while in 2022, the sector is expected to post a net loss of $6.9 billion, an IATA statement said.<\/p>\n<p>The airline industry was one of the most-effected sectors by the pandemic measures, such as lockdowns and travel restrictions.<\/p>\n<p>The IATA statement recalled the losses of $42 billion in 2021 and $137.7 billion in 2020.<\/p>\n<p>&#8220;As we look to 2023, the financial recovery will take shape with a first industry profit since 2019,&#8221; said Willie Walsh, IATA\u2019s director general.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The International Air Transport Association (IATA) on Tuesday said that the global airline industry would return to profit next year for the first time since 2019. The association expects a small net profit of around $4.7 billion in 2023, while in 2022, the sector is expected to post a net loss of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":30485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-30486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Air transport body expects airlines to return to profitability in 2023 - Mozambique<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/air-transport-body-expects-airlines-to-return-to-profitability-in-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air transport body expects airlines to return to profitability in 2023\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Mozambique. The International Air Transport Association (IATA) on Tuesday said that the global airline industry would return to profit next year for the first time since 2019. 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