Supply chain, operational costs to impact airfares and airline growth 

Air travel demand remains strong in the first half of 2024 as indicated by first quarter results posted by the world’s airlines in the past few weeks, with passenger traffic expected to exceed pre-pandemic levels this year. Yet demand is propped up against the backdrop of supply chain constraints and growing operating expenses, potentially limiting growth.  Demand appears to be outpacing airlines’ fleet capacity growth as airlines collectively lament over Boeing’s delivery delays in the first quarter. Earlier in the month, Dubai Aerospace Enterprise (DAE) CEO Firoz Tarapore said in its first quarter earnings call that its Boeing deliveries were