That’s the word from the International Air Transport Association, which held its annual meeting Monday in Dubai, home to the long-haul carrier Emirates.
Part of that comes from worldwide inflation, an ongoing problem since the pandemic started. Jet fuel costs, roughly a third of all airline expenses, remain high. Meanwhile, a global push for the aviation industry to decarbonize has more carriers fighting for the little amount of so-called sustainable aviation fuel, or SAF, available in the market.
Also pressuring the industry is a pandemic hangover in aircraft production as well, they say. Carriers now keep older planes that burn more fuel flying longer. There also aren’t enough new aircraft to expand routes and increase supply to bring down overall prices.France’s far right may win big in the EU elections. That’s worrying for migrants, Macron and UkraineThat warning comes as the IATA estimates globally, airline revenue will reach nearly $1 trillion in 2024, a record high.
The airport now plans to move to the city-state’s second, sprawling airfield in its southern desert reaches in the next 10 years in