Global airlines forecast 2025 growth despite 'unacceptable' supply chain issues [Yahoo! Finance Canada]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: Yahoo! Finance Canada
That's despite what its chief Willie Walsh said were "unacceptable" difficulties in securing new planes. Airlines around the world have seen their growth hampered by problems at Boeing and Airbus. And jet deliveries have been delayed. Without newer, more efficient planes, airlines say they cannot cut back fuel costs while flying more people. Walsh, who was previously head of British Airways and its parent company IAG, said suppliers were acting like "quasi-monopolies". And that they appeared to be benefiting from the problems they had caused. Despite the problems, IATA said it expected the industry to generate $36.6 billion of net profit in 2025. That's up over $5 billion from this year's expected profit. Jet fuel prices are also set to fall, which is offering some relief. Speaking to reporters in Geneva ahead of an IATA gathering, Walsh was upbeat about the second term of U.S. President-elect Donald Trump. He said that Trump's actions in his first term had booste
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