56% of airlines expect air travel slowdown over next 2-3 years amid rising costs: McKinsey
A recent analysis reveals that more than 50 per cent of airlines anticipate a downturn in air travel over the next few years. This cautious outlook is driven by rising fuel prices, escalating maintenance expenses, and delays in aircraft deliveries. While eight of the eleven aviation subsectors generated positive economic profit, the industry overall remains in the red, facing a substantial economic loss of USD 12.8 billion in 2025.
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