IATA expects airlines around the world to collectively post net profit of US$29.3bln in 2020 as fears of a global recession ease and oil prices stabilise.
Airlines cut capacity on international flights into and out of Australia for a sixth consecutive month in September, government figures show.
Outgoing AAPA director general Andrew Herdman says the aviation industry is well placed to navigate its ways through current challenges.
Airlines operated about 83,000 fewer seats on international routes into and out of Australia in August 2019 compared with a year ago, new figures show.
Vocal and public campaigning from Australia's two largest airline groups has failed to sway Australia's Productivity Commission from changing its position on the need for arbitration to resolve disputes between airport users and operators.