Apple will earn more by selling an iPhone cover than the USD 7.90 profit per passenger that airlines will make next year, IATA chief Willie Walsh said on Tuesday, as he highlighted that industry-level margins remain a pittance.
The International Air Transport Association (IATA), which represents around 360 carriers worldwide, on Tuesday announced the industry’s financial outlook for 2026, wherein the total net profit is projected at USD 41 billion.
“Industry-level margins are still a pittance considering the value that airlines create by connecting people and economies. They stand at the core of a value chain that underpins nearly 4 per cent of the global economy and supports 87 million jobs.
“Yet Apple will earn more selling an iPhone cover than the USD 7.90 airlines will make transporting the average passenger,” Walsh, the Director General of IATA, said.
He also mentioned that even within the air transport value chain, airline margins are totally out of balance, particularly when​Apple will earn more by selling an iPhone cover than the USD 7.90 profit per passenger that airlines will make next year, IATA chief Willie Walsh said on Tuesday, as he highlighted that industry-level margins remain a pittance.
The International Air Transport Association (IATA), which represents around 360 carriers worldwide, on Tuesday announced the industry’s financial outlook for 2026, wherein the total net profit is projected at USD 41 billion.
“Industry-level margins are still a pittance considering the value that airlines create by connecting people and economies. They stand at the core of a value chain that underpins nearly 4 per cent of the global economy and supports 87 million jobs.
“Yet Apple will earn more selling an iPhone cover than the USD 7.90 airlines will make transporting the average passenger,” Walsh, the Director General of IATA, said.
He also mentioned that even within the air transport value chain, airline margins are totally out of balance, particularly when ​Latest News [ SOBAN NEWS: International and National ]
