Slowly but surely, the airline industry is regaining optimism as the
economy rebounds and business travelers actually travel again.
At a recent annual meeting of the International Air Transport Association (IATA), CEOs expressed a new feeling of positivity in regards to current air travel issues.
Most airlines anticipate making money this year after the last two years of debilitating losses, brought on by the oil price run-up in 2008 and the global recession in 2009.
A profitable airline industry could also be good news for business travelers as airlines reinstate the capacity they removed from the network during the last two years, putting many seats on sale and providing a variety of flight options on many routes.
In the past two years airlines have lost an amazing $80 billion, according to the IATA. However, now travel demand is rising again faster than anyone anticipated.