25 Easiest Islands To Get To In the Caribbean

Faiq Zafar
12 min read

In This Article:

In this article, we shall discuss the 25 easiest islands to get to in the Caribbean. To skip our detailed analysis of the global aviation and aerospace industry in 2024, go directly and see 10 Easiest Islands To Get To In the Caribbean.

As per numerous accounts, the rebound of the global aviation industry post the COVID-19 pandemic was not as impressive as was initially projected, with travelers complaining of exhaustive queues, delayed flights, and lost bags owing to severe labor shortages within the entire aviation ecosystem. As of November 2023 however, the aviation industry has regained much of its lost glory, with average operational profitability of the airline sector (EBIT) expected to recover to 2.8% by the end of the year, and net profits rising north of 1.2% to $9.8 billion. According to the International Air Transport Association (IATA), operating profits are expected to reach $22.4 billion by January 2024, with total revenues expected to grow 9.7% year-on-year to $803 billion as of November 2023. This is the first time that the industry will post revenues north of $800 billion since the offset of the pandemic. According to the Director General of the IATA Willie Walsh:

“Airline financial performance in 2023 is beating expectations. Stronger profitability is supported by several positive developments. China lifted COVID-19 restrictions earlier in the year than anticipated. Cargo revenues remain above pre-pandemic levels even though volumes have not. And, on the cost side, there is some relief. Jet fuel prices, although still high, have moderated over the first half of the year. Economic uncertainties have not dampened the desire to travel, even as ticket prices absorbed elevated fuel costs. After deep COVID-19 losses, even a net profit margin of 1.2% is something to celebrate! But with airlines just making $2.25 per passenger on average, repairing damaged balance sheets and providing investors with sustainable returns on their capital will continue to be a challenge for many airlines.”

Global Aviation in 2024: Challenges and Trends

Before the onset of the pandemic in 2019, the aviation value chain tended to generate an annual financial loss of more than $5 billion between 2012 to 2019, according to McKinsey. This was primarily due to the fact that airlines were considered to be the weakest link in the aviation value chain, consistently leaking losses of more than $18 billion annually on average. The sub-par performance of airlines was usually attributed to certain entrenched challenges like low entry barriers, high exit barriers, sensitivity to external turbulence, the fragmented outlook of the industry at large, and an incredibly concentrated supplier terrain. This complicated atmosphere led to an uneven distribution of profits across the value chain, even with respect to some of the easiest islands to get to in the Caribbean.  These losses only exacerbated during the lockdowns of 2020 and 2021, as airlines lost more than $279 billion in two years of global lockdowns and flight suspensions. However, the industry was kept afloat by the air cargo segment where supply-demand imbalances directly led to unprecedented value creation. Some of the most prominent players in the aviation industry are American Airlines Group Inc. (NASDAQ:AAL), The Boeing Company (NYSE:BA), and Honeywell International Inc. (NYSE:HON). To read more on the aviation industry, check out our coverage of the 15 Most Luxurious Airlines in the World.

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