Planning to travel soon? The cost of your next flight is likely to go up, according to an aviation trade group and industry heads.The International Air Transport Association held its annual meeting on Monday in Dubai, home to the long-haul carrier Emirates. As carriers recover from worldwide groundings during the pandemic, industry leaders said there are several costs likely to push ticket prices higher.
96 billion travelers on airplanes this year, with total expenses for carriers reaching $936 billion — another record high.But industry profits also are expected to be nearly $60 billion this year.In particular, Emirates, a main driver for Dubai's economy, saw record profits of $4.7 billion in 2023 off revenues of $33 billion.The Emirates’ results track with those for its base, Dubai International Airport. The world’s busiest airport for international travelers had 86.