Willie Walsh denies fares are excessive, saying margins remain ‘wafer thin’ despite profit forecast doubling
Airlines worldwide are on course for near-record revenues of more than $800bn (£645bn) this year, according to the trade body Iata, which doubled its industry profit forecast for 2023 to almost $10bn.
Iata’s director general, Willie Walsh, denied that fares were excessive despite the upgrade in the financial outlook. He said profit margins remained “wafer thin” and blamed airline suppliers for increasing costs.
More Stories
EU should spare carmakers from ‘punitive’ emissions fines, says Scholz
Will Japan’s close ties with US survive the caprice and quirks of Donald Trump?
Albania bans TikTok for a year after fatal stabbing of teenager last month