Passengers at Narita airport, Japan. (Photo: Kyodo/VNA)
Global airlines on June 2 lowered their industry-wide profit forecasts for 2025, citing trade tensions and declining consumer confidence.
The airline industry also criticised "unacceptable" delays in aircraft deliveries that have hampered carriers' growth plans.
At the annual meeting of more than 300 member airlines in New Delhi, the International Air Transport Association (IATA) issued a new forecast that global airlines will make a total profit of $36 billion this year, slightly down from the $36.6 billion forecast made in December 2024, before US President Donald Trump took office.
However, airline profits will still rise from last year's $32.4 billion, thanks to lower oil prices and record passenger numbers.
Strong job growth and subdued inflation are expected to help airline revenues rise 1.3% year-on-year. However, airlines are not expected to reach the $1 trillion revenue mark, after IATA revised its previous revenue forecast down 2.1% to $979 billion. That would still be a new record high.
Mr Trump’s sweeping tariffs have raised concerns about a potential economic slowdown and squeezed non-essential spending, prompting many consumers, particularly in the US, to delay or scale back travel plans.
In addition, delays in aircraft deliveries have hampered airlines' ability to meet surging travel demand in some regions, while also increasing operating costs as carriers are forced to use older planes or pay more for dwindling spare parts. IATA Director General Willie Walsh called the delays "unacceptable."
Total aviation industry spending is forecast to reach $913 billion in 2025, up 1% from 2024 but lower than the previous forecast of $940 billion, as lower fuel prices help offset rising aircraft maintenance costs.
IATA predicts that cargo revenues will fall 4.7% to $142 billion in 2025, largely due to slowing global economic growth and protectionist measures that reduce trade, including tariffs.
Source: https://baobinhphuoc.com.vn/news/4/173565/nganh-hang-khong-du-bao-loi-nhuan-giam-do-cang-thang-thuong-mai
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