The 2.5-point increase, while positive, represents a relatively small change, indicating that significant issues regarding on-time payments and efficient financial processes still persist within the air travel sector. A larger sample size in 2024 suggests the improvement might be more widely adopted, but also that more companies could be struggling within the sector. Further analysis would be required to determine if the changes are consistent across all the types of companies that make up the sector, or if the increased average hides disparity between smaller companies and larger ones.
Calculating the financial impact of late payments is vital, utilise a late payment calculator to quantify potential revenue losses.
One-line summary: Air travel payment practices experienced a slight uptick, increasing from an average score of 63.0 in 2023 to 65.5 in 2024.
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