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Market
What will be the main cause of supply chain issues for airlines in 2024?
4
Resolution / Starting Odds
Aircraft parts shortage • 33%
Fuel supply issues • 33%
Labor shortages • 34%
Industry reports and news articles
Story
Global Airlines Raise Profit Outlook for 2024, Projecting Nearly $1 Trillion in Revenue as Travel Soars
Jun 3, 2024, 05:45 AM
The global airline industry has raised its profit outlook for 2024, projecting industry-wide revenues just shy of $1 trillion as a record number of travelers board flights. This optimistic forecast comes amid higher ticket prices and a continued desire to travel following the pandemic. The International Air Transport Association (IATA) predicts the industry will generate $30.5 billion in net income this year. However, despite the positive financial outlook, airline executives express concerns over supply chain problems, which are hindering efforts to achieve net-zero carbon emissions. Profit margins remain thin.
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Similar markets
Increase in ticket prices • 50%
No increase in ticket prices • 50%
Overbooking • 20%
Loyalty program disputes • 20%
Refunds and cancellations • 20%
Baggage issues • 20%
Service quality • 20%
New federal regulations adopted • 25%
Industry-wide standards revised • 25%
No significant changes • 25%
Only minor adjustments made • 25%
Improved labor relations • 33%
Unchanged labor relations • 33%
Worsened labor relations • 33%
Delays affect traffic growth • 50%
Delays do not affect traffic growth • 50%
None • 25%
One • 25%
Two • 25%
Three or more • 25%
American Airlines • 25%
Delta Air Lines • 25%
United Airlines • 25%
None within 2024 • 25%