The market size is expected to jump from $523.04 billion in 2023 to $794.61 billion by 2028, with a solid compound annual growth rate (CAGR) of 8.8%. The International Air Transport Association (IATA) is looking at a net profit of $25.7 billion for the global airline industry in 2024, and operating profits are aiming for a record high of $49.3 billion.