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2025 Record Profitability,
Now What? — December 2025

Cloud showing word frequency in article

According to the latest Global Outlook publication from IATA, the World’s airline industry is estimated to have ended 2025 with its most profitable year. The trade association estimates that total revenues will have exceeded the psychologically important $1tn mark, and with post-pandemic recovery continuing in all regions of the world operating profits could have reached $67bn. It estimates the industry’s net profits to have been $39.5bn, equivalent to $7.90 per passenger.

AIRLINE INDUSTRY FINANCIAL RESULTS (US$bn) 
Operating Profits Net Profits Revenues 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025e 2026f -150 -100 -50 0 50 100 150 0 250 500 750 1,000 1,250 Operating Profits Net Profits Revenues
Source: IATA
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