EADSY - Global Airline Leaders To Discuss Aircraft Shortages Rising Costs Geopolitical And Environmental Hurdles At IATA Summit Next Week | Benzinga
Geopolitical tensions, aircraft shortages, and environmental goals will challenge global airline leaders at the IATA summit next week.
What Happened: The International Air Transport Association (IATA) will hold its annual meeting from June 2-4 in Dubai, Reuters reported on Friday. The summit will address the challenges posed by geopolitical tensions, aircraft shortages, and ambitious environmental targets.
Aviation leaders have noted that the pandemic’s impact on the industry is now behind them, with the sector returning to profitability in 2023. Air passenger traffic has reached 2019 levels, and global airline capacity in the second quarter of 2024 is 4% higher than in 2019, according to OAG data.
However, airlines are facing pressure on yields due to rising costs and increased competition. Geopolitical conflicts are causing longer routes, and the ...