Tuesday, June 4, 2024 Etihad, Emirates, Qatar, Saudi, and Oman Air are driving a $3.8bn profit surge for Gulf airlines in 2024, highlighting the region’s booming aviation and tourism sectors. Middle Eastern airlines are forecasted to see a remarkable profit surge in 2024, with an anticipated 22.
5% increase from previous estimates, reaching $3.8 billion, according to the latest International Air Transport Association (IATA) report. Etihad, Emirates, Qatar Airways, Saudi Arabian Airlines, and Oman Air are spearheading the soaring profits and driving the growth of the GCC’s travel, airline, and tourism sectors.
These leading airlines have been pivotal in the region’s remarkable financial performance, contributing significantly to the anticipated $3.8 billion profit surge in 2024. Their extensive networks and superior service quality are attracting a growing number of passengers and boosting cargo volumes.
Moreover, the substantial investments by these airlines in modern fleets and innovative services are enhancing the overall travel experience, making the GCC a premier destination for both leisure and business travelers. As a result, these carriers are not only reinforcing the region’s economic resilience but also playing a crucial role in the broader global aviation industry’s recovery and expansion. This revised forecast follows the IATA’s December 2023 projection, which had estimated net profits of $3.
1 billion for the region’s airlines over the next year. The c.
