RIYADH: Aviation will not reach pre-pandemic profitability levels of $26.4 billion anytime soon because we don’t really see the gross domestic product growth accelerating but, according to International Air Transport Association’s Chief Economist Marie Thomsen, the industry will start seeing earnings in 2023.
Global airlines are now expected to post a $9.7 billion loss in 2022, an improvement from a revised $42.1 billion loss in…
