In 2023, civil aviation will lose nearly 30 billion, and will it be able to make a profit in 2024?

Mondo Education Updated on 2024-02-01

2023 is a challenging year for the global civil aviation industry. Affected by various factors, the civil aviation industry is generally facing serious losses. According to statistics, the global civil aviation industry will lose nearly 30 billion in 2023, a shocking figure that also reflects the plight of the industry.

In 2023, although the civil aviation industry will lose 187.2 billion yuan, it will still lose nearly 30 billion yuan. Song Zhiyong, director general of the Civil Aviation Administration, set a target for the overall profitability of the industry in 2024 at an internal meeting. This means that the civil aviation industry will turn losses into profits in 2024.

Let's understand the main reasons for the loss of the civil aviation industry: on the one hand, the global epidemic easing has had a huge impact on the civil aviation industry. The sharp decline in passenger numbers, the reduction of routes and the tightening of travel restrictions have put the civil aviation industry in an unprecedented predicament. On the other hand, the fluctuation of fuel**, high operating costs and fierce market competition have also brought considerable pressure to the civil aviation industry.

In fact, in recent years, the civil aviation industry has faced the impact of multiple factors such as the epidemic, oil prices, and exchange rates, and the operating pressure is huge. However, as the pandemic eases, aviation demand is expected to gradually recover in 2024, while airlines will continue to optimize operational efficiency, reduce costs and increase revenue.

In addition, the civil aviation industry will continue to promote digital transformation and intelligent upgrading to improve operational efficiency and service quality. On the road to achieving profitability goals, the civil aviation industry needs to overcome various challenges, as well as the support and trust of passengers.

It is hoped that the civil aviation industry can achieve its profitability target in 2024 and provide better services and experiences for the majority of passengers.

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