The year 2019 should end with a global traffic increase of 4.2%, to more than 4.5 billion passengers. Global airline net income is forecast at $25.9 billion, decreased by 5.13%.
The global airline industry is expected to generate a total turnover of $838 billion in 2019, up 3.2% in comparison with 2018, according to figures announced by IATA (International Air Transport Association) at its annual meeting with the international press in Geneva on December 11. Global traffic is expected to reach more than 4.5 billion passengers in 2019, up 4.1% compared to 2018.
Net income for the global airline industry is expected to be $25.9 billion, down 5.13% from 2018. It is expected to rebound in 2020 to reach $29.3 billion (+13.1%). For the year 2019, the three most contributing markets are North America ($16.9 billion, up 16.5%), Europe ($6.2 billion, down 32.2%) and Asia-Pacific ($4.9 billion, down 20%). The situation should improve for 2020, the expected net profit of the Asia-Pacific area increasing to $6 billion, and that of Europe to $7.9 billion. North America net income is expect to be almost stable at $16.5 billion.
The good news is also fuel cost forecasts. Global airlines spent $188 billion on fuel in 2019, an increase of 4.4% in comparison with 2018. IATA anticipates a decline of these costs to $182 billion for 2020. Concomitantly, the weight of fuel in the costs of global airlines is expected to decrease from 23.7% in 2019 to 22.1% in 2020. This is due to the delayed effects of fuel hedging and the continued lower prices. petrol. For 2020, IATA anticipates an average price of a barrel of Brent at $63.