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Industry Voice: Will the global airline industry provide investors with upside in 2023?

January 5, 2023

Investment Week

This year, total global ancillary revenues are forecast to come close to the record high set in 2019. According to consultancy firms IdeaWorks and CarTrawler, which monitor these fees, airlines are on track to collect $102.8 billion worldwide, up from $65.8 billion in 2021 and a stone’s throw from 2019’s $109.5 billion.  Even though ancillary revenues are expected to fall short of the all-time high in dollar terms, they will continue to represent a greater share of airlines’ total revenues, IdeaWorks writes. In 2022, ancillary fees are forecast to represent 15 percent of the industry’s total sales, up from 14.4 percent in 2021, 13.6 percent 2020 and 12.2 percent in 2019.

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