Business News›News›India›IATA cuts traffic, profit forecasts for 2025 as Airlines face aircraft delivery delays
IATA cuts traffic, profit forecasts for 2025 as Airlines face aircraft delivery delays
IATA has lowered its 2025 air traffic forecast to under 5 billion journeys due to economic pressures and a severe aircraft shortage, with backlogs and delays in plane deliveries stalling airline growth. Despite resilient profitability, airlines face mounting costs and are exploring legal action over manufacturer delays while opposing potential price hikes.
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