Worldwide, airline CFOs and Heads of Cargo are displaying strong optimism regarding profits and air passenger and cargo demand. This is the outcome of a survey by the sector’s global representative body, the International Air Transport Association (Iata), conducted in mid-October and published in the association’s Airline Business Confidence Index: October 2021 Survey. Regarding profitability, the improving trend, previously noted by Iata, continued during the three months covered by the new survey. Of the respondents, 85% reported that either their profits had increased or that their losses had reduced. In the July 2021 survey, the equivalent figure had been 72%. The driving forces behind this trend were strong cargo traffic, and rebounding passenger revenues (off a very low base) resulting from reduced travel restrictions.
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