
Expectations are high for the aviation industry in 2025, with IATA projecting passenger numbers to exceed five billion in 2025 and total industry revenues expected to break the US$1T mark for the first time in history.
However, airlines continue to see their near-term capacity expansion plans being held back by delivery delays and long maintenance turnarounds, while also grappling with labour shortages like the rest of the aviation industry.
This paper discusses the outlook for the aviation industry in 2025, and dives into the challenges that the industry is facing.