year? well, i ve been speaking to the head of the airline s trade body, its iata, the international air transport association. willie walsh. always a pleasure having you on the show. thanks for your time. and willie, let s start well, let s start with your 2023 forecast, next year s forecast. i mean, you re optimistic the industry will return to profit, a modest profit, but a profit nonetheless. but here s the problem. i think given the 2023 picture, soaring inflation, higher interest rates, so it s more expensive to borrow money, an energy crisis, a cost of living crisis and a continued war on european soil. willie, are airlines feeling resilient enough to get through all of that? i think it s all relative. you know, given where we ve come from, next year looks an awful lot better than last year did. so from that point of view, we are forecasting a very small profit at a global level. you know, we re still looking globally and this is the global picture we re talking about at gdp grow
you do love it. 0k. on that note, nicola tango, a real pleasure having you on my show. thanks for your time. thank you. good luck with everything. aviation is hugely important to the global economy carrying both people and high value goods across the planet. in fact, before the pandemic, it was worth about 4% of the entire global economy. however, over the last three years it lost some $200 billion because of the pandemic. but with all the turbulence, the global economy is suffering. can it finally get back on course for a profit next year? well, i ve been speaking to the head of the airline s trade body, its iata, the international air transport association, willie walsh. always a pleasure having you on the show. thanks for your time. and willie, let s start well, let s start with your 2023 forecast, next year s forecast. i mean, you re optimistic the industry will return to profit, a modest profit, but a profit nonetheless. but here s the problem. i think given the 2023 picture, soar