Airlines Forcibly Removing More and More Drunk Passengers From Flights

What airlines make out of each passenger

What airlines make out of each passenger

Led by U.S. airlines, net profits in the aviation industry are set to rise by some 11% in 2018, the International Air Transport Association (IATA) said on Tuesday as it presented economic forecasts for the industry.

Airline companies around the world will end 2017 with 11 percent more profit than previously estimated for this year and will continue profit growth into 2018, the International Air Transport Association said Tuesday.

According to the forecast by the industry's global trade association, combined net profits will hit USD38.4 billion, from a revised USD34.5 billion in 2017, with USA carriers weighing in with nearly half.

Although passenger numbers are on the rise, to hit 4.3 billion next year, with passenger business revenues set to grow 9.2% to USD581 billion, IATA warned that rising costs overall, notably on higher fuel prices, will pose the biggest challenge to profitability in 2018.

IATA said revenue passenger kilometres (RPK), a measure of demand, was forecast to grow six per cent in 2018.

"We have a clear strategy that is delivering results on environmental performance", said IATA director general and CEO Alexandre de Juniac.

"Safety performance is solid".

At the same time, the cost for air travel, adjusted for inflation, has dropped by half over the past 20 years, while the costs of most things we buy day-to-day have more than doubled. "To continue to deliver on our full potential, governments need to raise their game - implementing global standards on security, finding a reasonable level of taxation, delivering smarter regulation and building the cost-efficient infrastructure to accommodate growing demand".

"Airlines are achieving sustainable levels of profitability", added de Juniac, while highlighting the challenges of rising fuel costs and well as labour and infrastructure expenses.

Airlines in North America generate almost half of airline revenue across the globe and the largest net profit with $15.6 billion this year. "Stronger economic growth will help in 2018, but Africa's governments need to ensure increased connectivity to stimulate intra-African travel, access to markets and economic growth", IATA said in the statement.

On average, airlines around the world make less than $9.00 per passenger in net profit, according to IATA.

And another thing to expect in 2018: Planes will be more crowded.