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.
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