Trade tensions, political uncertainty dim air travel outlook; record traveller forecast trimmed

Iata said airline net profits are projected to be US$36 billion (S$46.4 billion) in 2025, up from US$32.4 billion in 2024. PHOTO: ST FILE NEW DELHI - Trade tensions and a decline in consumer confidence amid political and economic uncertainty have dented otherwise strong projected demand for air travel. While airlines are expected to carry a record 4.99 billion travellers in 2025 - 4 per cent more than in 2024 - the latest forecast falls short of the 5.22 billion projected by the International Airport Transport Association (Iata) in December 2024. Still, airlines are expected to turn in higher profits…