From Investing.com: 2024-05-31 03:00:59

Global airline bosses are facing challenges at an annual summit next week, with geopolitical tensions, aircraft shortages, and environmental targets topping the agenda. Despite returning to profit in 2023 and seeing record passenger numbers early this year, airlines are concerned about softening fares and rising costs. The industry faces questions about achieving net-zero carbon emissions by 2050.

The International Air Transport Association (IATA) annual meeting in Dubai will tackle these issues, as airlines grapple with longer routes due to conflicts and competition, as well as declining airfares in Europe and Asia. While aviation leaders are optimistic about the industry’s recovery, there are concerns about meeting sustainability goals and passenger rights. The Gulf region is experiencing a new phase of competition and expansion, with Emirates hosting the summit amidst industry challenges for Boeing and Airbus.

Boeing is facing quality and corporate crisis following an incident in January, while Airbus is struggling to meet delivery targets and resolve maintenance delays with its narrow-body planes. Qatar Airways CEO has urged aircraft manufacturers to address supplier delays. The IATA meeting is expected to address these challenges and set the course for the future of the global aviation industry.



Read more at Investing.com: Global airline bosses to address geopolitical, climate challenges By Reuters