The International Air Transport Association (IATA) has revised its air traffic predictions for 2025, estimating fewer than 5 billion journeys as a result of ongoing economic challenges and a critical shortage of aircraft. Delays and backlogs in aircraft deliveries are hindering the growth of airline operations. While airlines continue to maintain strong profitability, they are grappling with rising costs. Consequently, many are considering legal action against manufacturers for delays while also pushing back against any potential fare increases.
Based on an article from economic times: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/iata-cuts-traffic-profit-forecasts-for-2025-as-airlines-face-aircraft-delivery-delays/videoshow/121587099.cms
