IATA – Global Outlook for Air Transport, Jun 2025
Summary
The main theme of the report concerns the state and prospects of the aviation industry amid rising protectionism.
Key findings include a slowdown in global GDP growth to 2.5% in 2025, mainly due to US trade policy. There is a shift from goods trade to services, mitigating the impact of tariffs. Oil prices are falling, supporting the global economy, with the Brent crude oil price forecasted at an average of $69 per barrel. A potential decline in the US dollar could support economic activity in countries with other currencies. Unemployment is expected to rise in slowing economies, particularly in the US. Passenger air travel growth is expected to slow to 5.8% in 2025.
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