Airlines worldwide face a summer travel crunch due to surpassed pre-pandemic demand and reduced aircraft deliveries.
Airlines worldwide face a summer travel crunch as demand surpasses pre-pandemic levels, while aircraft deliveries have dropped due to production issues at Boeing and Airbus. Airlines are repairing older planes and paying a premium for aircraft leases, but some carriers are still forced to trim their schedules due to the lack of available planes. Global travel is expected to reach record levels, with 4.7 billion people anticipated to travel in 2024, compared to 4.5 billion in 2019. Analysts predict a strong summer performance for airlines accompanied by higher airfares.
April 09, 2024
11 Articles