2025 Aviation Industry Review & Outlook

Landing gear close up
  • Report
  • January 13, 2025
30,000+

aircraft operated globally by the airline industry.

5bn

passengers carried by airlines in 2024.

12%

drop in fuel prices compared to 2023.

4,500+

aircraft shortfall compared to 2019 OEM plans.

2025 outlook

Our 2025 Aviation Industry Review and Outlook report highlights the commercial aviation sector’s recovery and future challenges. The industry, valued at $1.5 trillion, is crucial for global economic growth, social connectivity and globalisation.

Despite the severe impact of the COVID-19 pandemic, the demand for air travel and aircraft rebounded strongly in 2024. While airlines saw increased passenger traffic and cargo tonnage but faced higher non-fuel costs. Other key challenges also remain, including sustainability, supply chain disruptions and labour shortages.

The report discusses the role of lessors, OEMs’ delivery shortfalls and the environmental goals for net zero emissions by 2050. It also highlights the significant impact of supply chain disruptions on aircraft availability and the need for substantial capital to finance growth and infrastructure expansion.

What is ahead?

The outlook for 2025 is positive, with expected increases in aircraft deliveries and continued strong demand for air travel. The industry is poised to benefit from a robust global economy, lower fuel prices and reduced interest rates and inflation. However, potential headwinds include continued supply chain issues, geopolitical tensions and trade tariffs.

For comprehensive analysis of the current state and future prospects of the aviation industry, read the report in full below.

 

2025 Aviation Industry Review and Outlook

Challenges for the global aviation industry, but aircraft leasing is a net beneficiary.

Download (PDF of 12.73mb)

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Brian Leonard

Partner, PwC Ireland (Republic of)

Yvonne Thompson

Partner, PwC Ireland (Republic of)

Joe Conboy

Partner, PwC Ireland (Republic of)

Tel: +353 871464349

Paul Sheridan

Aviation Finance Advisory Services Leader, PwC Ireland (Republic of)

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