The aviation industry is currently facing challenges due to delays in aircraft deliveries from major manufacturers Boeing and Airbus. This has resulted in older jets being used and an increase in flight costs.
Budget airlines in Europe and the US are also scaling back their growth targets due to the wider impact of these supply chain issues. Long-haul carriers like Cathay Pacific and Deutsche Lufthansa are particularly affected as they look for alternatives to the delayed Boeing 777X, which is now expected to be delivered in 2026, five years later than originally planned.