Record-setting 2025 forecast for global airlines

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GENEVA - The global airline industry is expected to earn revenue of more than $1 trillion from record passenger numbers, despite “unacceptable” difficulties in securing new planes, says the International Air Transport Association (IATA).

Thai Airways International is among the many carriers complaining that long delays for routine maintenance have forced it to ground planes at a time when passenger demand is growing fast.

Airbus, the world’s largest planemaker, lowered delivery targets a few months ago because of engine delays and other issues, and Boeing has had to slow production because of a recent strike and increased regulatory attention following a safety crisis.

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Article Details

Category: EconomyBusiness

Markets: ThailandUkraine

Topics: Trump Industry Billion Record Planes Walsh Passenger Expected Airlines Administration

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 21:34:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24330834

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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