2025上半年全球航空运输报告（英）_35页_1mb

Global GDP growth slowed to 2.5% in 2025 due to US protectionism, which has increased tariffs and disrupted supply chains. Airlines face reduced passenger traffic growth (5.8% YoY in 2025) caused by geopolitical instability and economic uncertainty, though cargo volumes are expected to grow only by 0.7% YoY due to trade barriers. Jet fuel prices are projected to decrease to USD 69 per barrel, supporting lower costs for airlines despite ongoing supply chain issues limiting fleet capacity growth. Profitability is expected to rebound slightly with a 6.7% EBIT margin in 2025 (USD 66 billion), but net margins remain low due to operational costs and regulatory burdens. Key market regions vary significantly, with Asia-Pacific and the Middle East experiencing strong growth while Latin America and Africa face slower expansion. The industry continues to prioritize sustainability through sustainable aviation fuel adoption and adherence to CORSIA agreements, though challenges and high repair costs persist in fleet management.