Aviation Sector Back On Course, But Keep Seatbelts Fastened

In 2023, the airline industry turned a profit for the first time since the COVID-19 pandemic. Commercial aviation reached this achievement by climbing out of the depths of near-zero traffic in 2020 and recovering to near prepandemic levels in 2023.

This was coupled with improved pricing staying ahead of rising costs. The aviation industry looks to continue this upward trend in 2024, with the sector poised to hit historic levels of traffic.

But, as we all insert our favorite celebration GIF and pop a bottle of champagne, 2024 has taken no time to remind us of the risks lurking just outside the cockpit window.