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Airlines struggle with high costs and slim profits, with a projected $1.8 profit per passenger in 2025.
IATA's Chief Economist Marie Owens Thomsen says airlines are "price takers," lacking control over prices due to limited aircraft manufacturers and oil suppliers.
Despite airfares rising slower than consumer prices, airlines face high jet fuel costs and administrative expenses.
With a projected net profit of $1.8 per passenger in 2025, Thomsen notes airlines need to diversify revenue but face slim margins and weak finances.
4 months ago
8 Articles