Industry profitability was ahead of expectations in 2024, but fleet planning challenges will remain for years to come, PwC aviation report finds
Supply chain difficulties in the global aviation industry will improve but continue for much of the decade, leaving airlines to deal with disruptive and costly fleet planning challenges for years to come, a report by business advisory giant, despite the US manufacturer’s troubles, according to PwC’s 2025 Aviation Industry Review & Outlook, written by Dick Forsberg, senior aviation finance consultant for PwC Ireland.
Adding to the airlines’ cost burden, the average age of the global commercial fleet has trended up for the past five years to hit 14.8 years in 2024, PwC said. This is the highest on record and well above the 13.6 year long-term average.Shorla Oncology co-founders: ‘We felt compelled to do something meaningful’
The number of firm orders booked by airlines also fell sharply in 2024 after reaching a record-breaking total in 2023.The capacity shortages meant that virtually all remaining flyable aircraft on lessors’ books were placed on lease in 2024. Globally, the $1.5 trillion airline industry operates more than 30,000 aircraft, carrying almost 5 billion passengers a year and transporting 30 per cent of world trade by value.
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