IATA warns that 2025 gains could be limited by ongoing supply chain issues. / Photo: Reuters
"We've given them time. I think our patience has run out. The situation is unacceptable," International Air Transport Association head Walsh told reporters in Geneva. Engine makers have had a series of setbacks in the delivery of new engines or increased wear and tear in their latest generation of engines, causing bottlenecks in the maintenance plants needed to keep airline fleets flying smoothly.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.
It forecast industry-wide net profit of $36.6 billion in 2025, up from $31.5 billion expected in 2024, with a record 5.2 billion passengers set to fly.