Tuesday, 02 January 2024 12:17 GMT

Airlines To Post $41B Net Profit In 2026, Says IATA


(MENAFN- Bangladesh Monitor)

Dhaka: Global airlines are expected to post record profits in 2026 despite supply-chain disruptions that are slowing aircraft deliveries and delaying the rollout of more fuel-efficient jets, the International Air Transport Association (IATA) said on Tuesday (Dec 9).

The outlook comes after Airbus cut its 2025 delivery target, citing a quality issue involving metal fuselage panels on some A320 aircraft.

The world's ​leading jetmakers Airbus and Boeing ‌have both faced delivery delays to their airline clients in recent years.

Without newer, more efficient planes, airlines say they cannot cut back fuel costs ⁠while flying more people.

Still, ​IATA struck an ​optimistic note for the year to come.

"Airlines have successfully built shock-absorbing ‍resilience into ⁠their businesses that is delivering stable profitability," said International Air Transport ⁠Association director general Willie Walsh in a ‌statement.

-B

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Bangladesh Monitor

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