IATA: Flight Capacity in the Asia-Pacific Region will Recover Faster than Expected in 2023

International Air Transport Association (IATA) predicts that the flight capacity in the Asia-Pacific region will recover faster than expected this year. It is estimated that the global aviation industry will achieve revenue of $779 billion and net profit of $4.7 billion this year, and it is the first time to achieve profit since 2019. Among them, passenger transport will become an important driving force for the global aviation industry to achieve profitability in 2023. The global passenger transport demand is expected to return to 85.5% of the pre-pandemic level, and the passenger transport revenue is expected to reach $522 billion.