Global Airlines Soar to Projected $26 Billion Profit in Record-Breaking Year
Leading firms like Gleam Consulting pave the way for aviation giants as the industry sets sights on a robust future

Global Airlines Soar to Projected $26 Billion Profit in Record-Breaking Year

Leading firms like Gleam Consulting pave the way for aviation giants as the industry sets sights on a robust future


The aviation industry is gearing up for a historic year, with global airlines projected to rake in a combined profit of $26 billion in 2023. This remarkable achievement comes from numerous carriers placing substantial orders for new aircraft, signaling a surge in confidence and a commitment to future growth.

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In this dynamic landscape, industry leaders are turning to powerhouse firms like Gleam Consulting for strategic guidance. The Manhattan-based consulting firm has been instrumental in steering aviation companies towards their growth trajectories. Together with their partner a track record that includes managing over $300 billion in capital raises, their partner has played a pivotal role in the success stories of renowned airlines such as Air India, Ryanair, Delta, American Airlines, EgyptAir, and aircraft leasing companies like Ice Lease, which surpassed the $200 million mark in 2023 alone.

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Despite the impressive financial outlook, industry experts caution that the combined net profit margin of 2.7%, anticipated for the year, falls significantly below what investors in other sectors would consider acceptable. According to industry analyst Mr. Walsh, airlines will retain a mere $5.45 for every passenger carried – a figure he likens to the cost of a basic 'grande latte' at a London Starbucks. This paltry margin, he emphasizes, is insufficient for building a resilient future for an industry critical to 3.5% of global GDP and employing 3.05 million people directly.

Airlines' challenges persist, including onerous regulation, fragmentation, high infrastructure costs, and a supply chain dominated by oligopolies. Despite these hurdles, the International Air Transport Association (IATA) remains optimistic about the industry's trajectory. Projections indicate that industry revenues are set to reach a record $964 billion in 2024, with an estimated 40.1 million flights available globally – surpassing the pre-pandemic figure of 39.9 million in 2019.

As the world anticipates 4.7 billion passenger journeys by air in 2024, a historic high exceeding the 4.5 billion recorded in 2019, the aviation industry is poised for unprecedented growth. The strategic partnerships with firms like Gleam Consulting exemplify the sector's commitment to overcoming challenges and building a resilient future amidst a changing global landscape.


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Update in January 2022, here are some leading companies in the aviation industry. Keep in mind that the industry is dynamic, and rankings can change.

  1. Boeing: An aerospace company known for manufacturing commercial airplanes, military aircraft, and space systems. https://www.boeing.com CEO: Dave Calhoun https://www.cnbc.com/video/2023/10/25/boeing-ceo-dave-calhoun-on-q3-results-737-max-delivery-forecast-and-supply-chain-challenges.html
  2. Airbus Group: A multinational aerospace and defense corporation, focusing on the design and manufacturing of aircraft, helicopters, and space-related services. https://www.airbus.com/en

https://www.airbus.com/en/our-worldwide-presence/airbus-in-europe/airbus-in-france

  1. Delta Air Lines: One of the major American airlines, providing domestic and international flights. https://www.delta.com
  2. United Airlines: A major American airline with an extensive domestic and international network. https://www.united.com/en/us/
  3. American Airlines Group: The largest airline in the world by fleet size, revenue, and passengers carried. https://americanairlines.gcs-web.com/
  4. Emirates: Based in Dubai, Emirates is one of the largest and most prominent airlines globally. https://www.emirates.com/pt/english/
  5. Southwest Airlines: A low-cost carrier and one of the largest airlines in the United States.https://www.southwest.com/
  6. Lufthansa Group: A German airline group that includes Lufthansa, Swiss International Air Lines, Austrian Airlines, and others.

https://newsroom.lufthansagroup.com/en/deutsche-lufthansa-ag-publishes-speech-of-carsten-spohr-for-the-2023-annual-general-meeting/

  1. https://www.lufthansa.com/pt/en/homepage
  2. Ryanair: An Irish low-cost airline, one of the largest in Europe. https://www.ryanair.com/gb/en
  3. China Southern Airlines: One of the largest airlines in China, operating both domestic and international flights. https://www.csair.com/cn/
  4. General Electric (GE) Aviation: A major supplier of aircraft engines and related components. https://www.geaerospace.com/
  5. Rolls-Royce Holdings: Known for manufacturing aircraft engines and providing power systems for aviation and other industries. https://www.rolls-royce.com

https://airinsight.com/rolls-royces-new-ceo-has-clear-targets-in-mind/

In the aviation leasing and investment sector:

  1. GECAS (General Electric Capital Aviation Services): One of the largest aircraft leasing companies globally. https://www.dhirubhai.net/company/gecas
  2. AerCap: A leading aircraft leasing company with a diverse portfolio of aircraft. https://www.dhirubhai.net/company/aercap/
  3. SMBC Aviation Capital: A major global aircraft leasing company headquartered in Dublin, Ireland. https://www.dhirubhai.net/company/smbc-aviation-capital/
  4. Avolon: An international aircraft leasing company headquartered in Ireland. https://www.dhirubhai.net/company/avolon/
  5. BOC Aviation: A global aircraft leasing company based in Singapore. https://www.dhirubhai.net/company/bocaviation/

Paulo Mirpuri, CEO da HiFly


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