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IATA raises alarm as airline payment processing costs surge to $24.5 billion
The International Air Transport Association (IATA) has sounded the alarm about rising payment processing costs, revealing that airlines worldwide spent $24.5 billion to process $1.05 trillion in travel sales in 2025. According to fresh data from the clearing house for over 300 global airlines, payment processing costs jumped 10.4% from 2023, far outpacing the 7.7% growth in overall travel sales over the same period, which rose from $977 billion. The figures underscore a stark…
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