Lufthansa City Center predicts Big for 2024 Travel
While we may not have surpassed the impacts of the pandemic completely, but the travel business performance no longer looks back to the difficult period as travel has moved on and it has done better in many of the segments. A recent article from Lufthansa City Center has highlighted various points and predicted big for 2024.
- With a total of 103.4 million seats on offer, airline seat capacity is only 3.1% below 2019.
- The airline industry is expected to hit net profits of $9.8 billion which is more than double of what was forecasted at the same time last year for 2023.
- 4.35 billion people have travelled in 2023 and 2024 is forecast to break all records and surpass the 4.54 billion number that was reached in 2019.
- Yields have improved significantly, and this has resulted in some major carriers announcing extraordinary results
