NEW DELHI ¨C The head of a global airlines industry body said on Monday that growing trade barriers risked damaging the economy and the air travel sector, and ¡°unacceptable¡± plane delivery delays were frustrating growth plans at a time of record passenger numbers.
The International Air Transport Association (IATA) shaved a key forecast for 2025 industry-wide profits, blaming trade tensions and declining consumer confidence.
¡°Like all forms of connectivity, flying makes the world more prosperous,¡± IATA Director General Willie Walsh said at the group¡¯s annual meeting in New Delhi.
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