In 2024, the aviation industry is set to soar despite facing supply and quality challenges. As the world gradually recovers from the pandemic, increased passenger demand and the resumption of international travel are fueling this growth. Airlines and manufacturers are working tirelessly to overcome supply chain disruptions and maintain high safety standards with the support of robust quality management systems and beyond. Innovations in sustainable aviation and the adoption of new technologies promise to reshape the industry.
While challenges persist, the aviation sector's resilience and adaptability are paving the way for a promising year ahead, where skies are once again filled with opportunities for growth and progress.
Despite challenges with aircraft supply and quality, the global aviation industry is set to grow in 2024, according to forecasts. A report on the aviation industry’s outlook for this year, published by PwC on Thursday, predicts that profitability in the sector will exceed forecasts by the International Air Transport Association (IATA) due to “strong demand and robust pricing power”.
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