Based on the results of operations in the first quarter of 2021, less than half of the airlines expect revenue growth in the short term.
IATA analyzed the responses of top cargo airline executives regarding their expectations of increased profits over the next twelve months. As a result, it turned out that only a third of carriers, including ZetAvia, expect an improvement in profitability over the next 12 months, compared with 22% in January. Their expectations are primarily related to the growing demand for medical products and vaccines. Approximately the same number of executives are expecting a decline in profitability.
As an aviation expert, I look forward to rebuilding the aviation industry in the foreseeable future and reducing the negative impact of the pandemic on the aviation industry.
At the same time, IATA notes an increase in freight traffic in the first quarter of this year by 44% and a decrease in the profitability of air carriers by 15%. Top managers continue to view the lack of capacity as the main reason for the increase in cargo volumes.