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Airline industry operating profits are expected to reach $49.3 billion in 2024 from $40.7 billion in 2023. Total revenues in 2024 are expected to grow 7.6% year over year to a record $964 billion. Expense growth is expected to be slightly lower at 6.9% for a total of $914 billion. More @Wikipedia
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- Air Power - impact.economist.comPIF has also invested in Saudia Technic, the key player in Saudi Arabia’s aviation maintenance, repair and overhaul (MRO) industry. “To maintain our passenger volume growth, we need to transition from plain base maintenance to a high-value industry,” says Mr Yousuf. PIF is committed to tackling some of the industry’s biggest challenges.
- Flight PathWith demand for air travel rising, Saudi Arabia’s aviation industry is about to take off. Airlines now face new and multiple challenges. Labor shortages, rising costs, and climate change require cleaner and more efficient flights, while economic growth across emerging economies is creating greater demand for air travel.
- Leveraging AI to optimise airline operations - Economist ImpactRecognising the need for an optimised and agile approach to handle operational irregularities, Lufthansa Group, which operates 11 airlines in Europe, looked for new ways to derive insights from...
- Book of Business Quotations - The Economistthe wisdom of Steve Jobs and Jeff Bezos. Airlines still throw up loud-mouthed executives such as Michael O’Leary and Herb Kelleher. And the normally strait-laced world of investment has given us...
- The Future of Air Travel - Economist ImpactHow can airlines improve the customer experience, revive brand loyalty and undo the effects of years of cost-cutting?
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