Reported 2 days ago
The head of the International Air Transport Association (IATA) has expressed concerns over increasing trade barriers and delivery delays in the airline industry that could harm economic growth. During their annual meeting, IATA downgraded its profit forecasts for 2025, emphasizing how recent tariffs and declining consumer confidence have affected travel plans. While air travel sees a post-pandemic surge, extended delays in aircraft deliveries hinder growth, prompting calls for manufacturers to address the issues collaboratively.
Source: YAHOO