Global airline sector outlook remains ‘neutral’ in 2024, Fitch Ratings predicts

American credit rating provider Fitch Ratings predicts what it terms a ‘neutral outlook’ for the global airline sector for 2024, estimating that although global demand for air travel will continue to rise, it will remain below its historical trend line. Although business travel and sustained positive trends in premium products will also grow, mitigating matters of OEM delays, maintenance issues and overall higher costs will also impact airlines’ ability to support yields. “Airline cost pressures, supply chain issues and consumer health will be key industry watch items,” clarified Joseph Rohlena, senior director at Fitch Ratings, adding that “consumer health and