ING - Global aviation outlook

The report provides an overview of the current state of the aviation industry, which is rebounding from the drop in demand caused by the COVID-19 pandemic. Despite rising ticket prices, people are eager to resume flying for leisure and family visits, and business travel is also recovering. However, the industry is facing a number of challenges, including staff shortages, delivery delays, and rising costs due to sustainability measures. One of the key factors contributing to the challenges faced by the industry is the growing awareness of climate change among consumers. As a result, there are a rising number of sustainability-linked policy measures, and sustainable aviation fuels are starting to push up ticket prices. In Europe, carbon prices are also expected to gradually kick in more strongly in the coming years, which could further impact the industry. Another challenge facing the industry is the war in Ukraine and the closure of Russian airspace for the Western world, which is making intercontinental flying less efficient. Despite these challenges, the report suggests that the aviation industry is facing a period of change and adaptation as it navigates the post-pandemic world. Overall, the report provides a comprehensive overview of the current state of the aviation industry and the challenges and opportunities it faces in the years ahead.