Airline Industry Scales Back Profit Outlook Amid Trade Tensions

Bloomberg

2 days ago

The global airline industry stands to earn a collective $36 billion this year, a downward revision from the most recent prediction issued in December amid growing trade tensions and a drop in consumer confidence, the leading aviation association said.
The new forecast compares with the $36.6 billion profit target issued for 2025 at the end of last year, the International Air Transport Association said in a statement Monday. The figure translates into a profit margin of 3.7% on industry revenue of about $979 billion, which was also revised from the December goal.