This is a faster turnaround than airlines expected a year ago. At the last general meeting of the International Air Transport Association (Iata), the traffic forecast for 2023 was revised upwards.
The milestone of 4.3 billion passengers must be exceeded. A level close to the record of 2019 (4% less). If these forecasts are confirmed, the Covid hiatus, which has profoundly affected this sector, will have effectively ended in 2023.
Return to expected benefits this year
This return to better fortune will also be seen in the financial results of the airlines. Red was still often the rule in 2022. This year, green should dominate. According to Iata forecasts, global turnover should exceed 800 billion dollars, again far from the record level of 2019.
After several years where it was often complicated, if not impossible, travel-eager consumers are having fun. And the companies take advantage of this to sell their tickets at a higher price. With the key to profits that should be close to 10,000 million euros, all the companies together.
Orders for more than half a thousand aircraft
This return to green encourages companies that can afford it to place large orders for aircraft. Its objective? Replace their old jets, which consume a lot of kerosene, as quickly as possible with models that allow them to reduce their fuel bill.
A boon for Airbus and Boeing, which should get a lot of orders at the Paris Air Show, which starts on June 19. The Indian company Indigo could take the opportunity to formalize an exceptional order for 500 Airbus A321neo. As well as the purchase of 25 jumbo jets (A330neo or Boeing B787). What to do on a par with Air India, which at the beginning of the year placed an unprecedented order in history: 470 planes.
But this record could be broken to a large extent by the Turkish company, Turkish Airlines, which is negotiating with Airbus and Boeing to purchase 600 aircraft, which would allow it to have twice the current fleet in ten years. About becoming a serious rival of Emirates. As we can see with these two examples, air traffic is set to grow considerably in the next ten years.
Source: BFM TV
