IATA has raised its 2024 profit forecast for the global airline industry, anticipating a record number of travellers and industry revenues approaching $1 trillion.

This has been a year of accidents for Boeing, with a series of mishaps damaging the company's image. This week, Boeing finally submitted a comprehensive quality improvement plan.

On Monday, a Boeing passenger plane flying from Australia to New Zealand suddenly went down during its flight, injuring about 50 passengers after it made a forced landing.。As a result, Boeing shares fell more than 4 percent on Tuesday.。Year-to-date, Boeing shares have fallen by a quarter。

On Wednesday, local time, European Airbus (Airbus) bet that soaring fuel costs will prompt airlines to speed up purchases of new, more fuel-efficient aircraft。The company raised its forecast for new aircraft deliveries over the next 20 years, but lowered its forecast for global fleet growth as airlines focus on replacing more older aircraft.。

Boeing plans to restore production of its best-selling 737 MAX jets to 52 a month in 2019 by January 2025 in a bid to fully recover from the outbreak's production cuts.。