It appears that 2019 will be the bottom of the current economic cycle and the forecast for 2020 is somewhat brighter. In 2020, economic growth will be a key economic driver. The GDP is forecast to expand by 2.7 per cent in 2020, marginally above the 2.5 percent growth in 2019. Passenger revenues, excluding ancillaries, are expected to reach $581 billion, up 2.5 per cent from $567 billion in 2019. North American carriers are expected to post a net profit of $16.5 billion, down from $16.9 billion in 2019.

Source: The Guardian December 27, 2019 03:45 UTC