Overview

• U.S. airlines are forecasted to see just 1% revenue growth in 2025, the weakest among global competitors, despite lower fuel prices.
• Domestic flight load factors have dropped to 78%, a six-point decline since the tariff announcements, indicating reduced demand.
• International tourism to the U.S. has declined significantly, with fewer visitors from Canada, Mexico, Germany, and Spain due to tariff-related travel caution.
• European airlines are projected to achieve 10% revenue growth in 2025, benefiting from lower fuel costs and sustained high ticket prices.
• Aircraft manufacturers face a record 17,000-jet order backlog, with trade disruptions expected to drive up prices by 20% by 2030.