_airlines-to-earn-just-over-366-14-per-passenger-in-2024-39barely-enough-for-a-coffee39.jpg "Airlines to Earn Just Over $6.14 per Passenger in 2024, 'Barely Enough for a Coffee' from indian feet high heel Video Screenshot Preview")
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⏲ Duration: 0:47
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✓ Published: 04-Jun-2024
👁 View: 250K times
✓ Published: 04-Jun-2024
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The International Air Transport Association predicts global airline revenue will increase by 9.7% by 2023. While revenue is projected to grow, total airline expenses are also expected to reach a record high, up 9.4% year-over-year. Profit margins for airlines remain thin, with an expected return on capital of just over 5% in 2024, below the average cost of capital of over 9%. The trade association estimates airlines will earn just over $6.14 per passenger in 2024, which it says is 'barely enough for a coffee' in many places. Record passenger numbers of 5 billion are expected in 2024, showing strong demand but tight margins.
The International Air Transport Association predicts global airline revenue will increase by 9.7% by 2023. While revenue is projected to grow, total airline expenses are also expected to reach a record high, up 9.4% year-over-year. Profit margins for airlines remain thin, with an expected return on capital of just over 5% in 2024, below the average cost of capital of over 9%. The trade association estimates airlines will earn just over $6.14 per passenger in 2024, which it says is 'barely enough for a coffee' in many places. Record passenger numbers of 5 billion are expected in 2024, showing strong demand but tight margins.
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_suv-sales-hit-record-high-in-2023-despite-global-efforts-to-cut-emissions.webp "SUV Sales Hit , Record High in 2023 Despite , Global Efforts to Cut Emissions.<br/>'The Guardian' reports that SUV sales<br/> hit a record high in 2023, comprising <br/>half of all new cars sold globally.<br/>Experts warn that the increasing popularity <br/>of the heavy vehicles will drive up carbon <br/>emissions responsible for global warming.<br/>An analysis by the International Energy Agency <br/>(IEA) found that emissions from SUVs made up <br/>for 20% of the world's carbon emissions in 2023.<br/>According to the IEA, if SUVs were <br/>considered a country, they would have been <br/>the fifth-largest carbon emitter in the world, <br/>ahead of both Germany and Japan.<br/>'The Guardian' reports that urgent cuts in emissions <br/>are needed to combat climate-driven extreme weather <br/>events, which are already increasing in frequency.<br/>Despite this, SUV sales <br/>increased by 15% compared to a 3% <br/>increase for conventional automobiles in 2023.<br/>According to the IEA, the main reasons <br/>behind increasing SUV sales are <br/>“the appeal of SUVs as a status symbol,” <br/>automakers' marketing and perceptions of comfort.<br/>The IEA also points out that SUVs cause greater injuries <br/>in pedestrian collisions, due to the height of the <br/>vehicle's front end and take up more space in cities.<br/>While 20% of the SUVs sold in 2023 <br/>were either full electric or plug-in hybrids, <br/>the vehicles require larger batteries, which <br/>places a strain on supplies of critical minerals. .<br/>In 2023, there were over 360 million SUVs <br/>on roads worldwide, which were responsible <br/>for more than 1 billion tons of carbon emissions, <br/>increasing by about 10% compared to 2022")
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