Airlines expected to make record revenue, but rising costs hurt profits

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Airlines are set to rake in a record $996 million in revenue this year, although high costs are expected to thin margins and weigh on earnings, according to an industry trade association. Google leak shows it might be lying about its Search algorithm CC Share Subtitles Off English view video Google leak shows it might be lying about its Search algorithm The International Air Traffic Association (IATA) on Monday raised its profitability outlook for the airline industry, noting that operating profits are expected to reach $59.9 billion, a 14.7% increase compared to 2023. Net profits are set to reach $30.5...