Global air travel growth faces limitation from slow aircraft deliveries

CAPA ANALYST PERSPECTIVE - a new series where CAPA - Centre for Aviation's analyst team provide personal views on a hot topic facing aviation around the world.

Air travel has now returned to pre-pandemic levels and forecasts are that growth in passengers will continue into 2024, albeit moderating somewhat from recent rapid growth.

The outlook for the air transport sector is now largely positive, with airlines and airports reporting record revenue and the sector largely moving back towards profitability, after a series of difficult years.

However, if you look at the state of the global aircraft manufacturing industry, a very different picture emerges. You might even be forgiven for thinking that the crisis induced by the COVID pandemic has yet to end.

Simon Elsegood, Head of Research at CAPA - Centre for Aviation shares his viewpoint.