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The International Air Transport Association predicts global airline revenue will increase by 9.7% by 2023. While revenue is projected to grow, total airline expenses are also expected to reach a record high, up 9.4% year-over-year. Profit margins for airlines remain thin, with an expected return on capital of just over 5% in 2024, below the average cost of capital of over 9%. The trade association estimates airlines will earn just over $6.14 per passenger in 2024, which it says is 'barely enough for a coffee' in many places. Record passenger numbers of 5 billion are expected in 2024, showing strong demand but tight margins.

Airlines to Earn Just Over $6.14 per Passenger in 2024, 'Barely Enough for a Coffee'

⏲ 0:47 👁 475K

Despite a relatively strong employment rate, rising inflation and a high cost of living mean Spaniards are still voting with their wallets.

Economy preys on Spanish voters' minds – but vanishes from campaign

⏲ 2:23 👁 190K

The UK's “biggest man cave” is finally being torn down after a long running battle over the \

UK's “biggest man cave” finally being torn down after a long running battle over

⏲ 1:58 👁 79.1M

When the world’s most famous couple hit the Coachella music festival in April, they didn’t have to venture far to find refuge from 200,000 sets of prying eyes. They turned to the Madison Club, an ultra- luxe sanctuary across the street from the concert grounds. A diamond in the California desert, the Madison Club, in the town of La Quinta, is a hidden oasis of rolling hills, world-class golf, and scores of vacationing celebrities, business executives and at least three billionaires.<br/><br/>The 500-acre patch boasts some 200 custom mansions dotting 18 lush greens designed by golf course legend Tom Fazio. Admission will cost you: Homes in the very gated community run upward of $30 million, and dues are $500,000 upfront plus $75,000 a year. But membership has its perks, including a top-notch day spa and, for golfers, “comfort stations” every four holes offering everything from ice cream sandwiches to bottles of tequila.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/chasewithorn/2024/05/25/inside-the-exclusive-desert-community-home-to-5-kardashians-justin-bieber-and-a-dozen-other-celebs/?sh=22d4ff7b8bf9<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

A Look Inside The Exclusive Coachella Valley Celebrity Hideaway

⏲ 3:24 👁 12.9M

House Deputy Majority Leader and Iloilo 1st district Rep. Janette Garin on Monday, June 3, grilled former Department of Health (DOH) secretary Francisco Duque III over the initial “exorbitant” cost of Covid-19 test packages during the early stages of the pandemic.<br/><br/>READ MORE: https://mb.com.ph/2024/6/3/kawawa-ang-taong-bayan-garin-grills-ex-doh-chief-duque-over-initial-high-cost-of-covid-19-test-kits

‘Kawawa ang taong bayan’: Garin grills ex-DOH chief Duque over initial high cost of Covid-19 testing

⏲ 9:16 👁 6.5M

Homeowners can install solar panels, insulation and a heat pump to reduce their bills - plus there’s no VAT to pay

How To Reduce Your Energy Bills By Making Your Home Greener

⏲ 2:23 👁 3M

South Australia’s next budget announcement is only days away and with the spotlight expected to be on health and the cost of living there are renewed calls for the government to scrap ambulance fees for pensioners. They're free for card holders in most states and territories and advocates say it's time for South Australia to catch up.

Calls for scrap ambulance fees for pensioners in South Australia

⏲ 2:0 👁 1M

Costco has been selling its famous hot dog combo for $1.50 since the 1980s and has no plans to change the price. Despite inflation, the company's new CFO confirmed that the price will remain the same, maintaining customer loyalty and serving as a smart public relations move. The Costco hot dog is an example of loss leader strategy, in which certain products remain below market cost to attract customers and boost sales of more profitable items. The hot dog's history and affordability have made it a cult favorite and a significant part of Costco's culture. The hot dog would cost closer to $4.40 without this strategy.

Will Costco Raise the Price on Its Famous $1.50 Hot Dog Combo? Here's What the New CFO Has to Say.

⏲ 0:41 👁 170K

The Mandalorian's Grogu cost how much to make?!

10 Mind-Blowing Facts You Didn't Know About The Mandalorian

⏲ 11:9 👁 110K

Political reporter Tom Crowley has more on the political fallout of the wages decision from parliament house.

Fair Work Commission announces 3.75% minimum wage rise

⏲ 2:43 👁 1.6M

4PH housing units offer amenities at bargain cost;<br/><br/>U.N. Sec. Council to vote on Biden's 3-phase peace, ceasefire plan

4PH housing units offer amenities at bargain cost

⏲ 5:11 👁 105K

A woman creates stylish doll's houses for adults complete with modern tiny furniture.

Woman makes doll’s houses with rooms costing up to £3K

⏲ 3:18 👁 3.7M

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