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56% of Airlines Expect Travel Slowdown Amid Rising Costs

56% of Airlines Expect Travel Slowdown Amid Rising Costs

Around 56% of airlines expect a slowdown in air travel over the next two to three years amid rising operating costs and global uncertainties, according to a McKinsey report. Higher fuel prices, increasing maintenance expenses and supply-chain disruptions are putting pressure on the aviation industry. The report also highlighted geopolitical tensions and aircraft delivery delays as key challenges that could affect passenger demand, airline profitability and industry growth

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