The International Air Transport Association projects airline profits to reach $30.5 billion in 2024, up from $27.4 billion in 2023, driven by record-high traveler numbers and revenues. Global passenger numbers are expected to hit 5 billion, with revenues rising to $996 billion. Domestic travel has returned to pre-pandemic levels, and international routes have surpassed 2019 numbers. Business travel spending is set to exceed $1.5 trillion in 2024. China’s travel sector is rebounding, boosting the luxury market. Overall, the airline industry’s recovery is strong, supported by increased profitability and positive market dynamics.