The International Air Transport Association reports airlines will absorb $11 billion in additional costs due to ongoing supply chain issues. The comprehensive study highlights massive fuel, maintenance, and leasing expenses impacting carrier profitability.
Massive Financial Impact on Global Aviation
Global airlines are facing more than $11 billion in extra costs from ongoing supply chain disruption this year, according to reports from the International Air Transport Association. The comprehensive study, produced with consultants Oliver Wyman, represents the first attempt to quantify the impact of a five-year supply chain crisis that has driven up fares and led to flight cancellations across the industry.