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Fortune
Fortune
Alex Ledsom

Air travel is breaking records, but a lack of planes could result in headwinds in 2025

(Credit: d3sign via Getty)

2024 was a good year for travel. UN Travel reports that in the first three quarters of 2024, global tourism was back to 98% of pre-pandemic levels. Statista reported that the UN Tourism Confidence Index recorded 120 points for the September/December period this year, with 100 being the baseline expectation.

The prognosis for 2025 is even better. The International Air Transport Association (IATA) predicts that in 2025, airlines will transport 5.2 billion passengers, the first time figures have surpassed 5 billion, a 6.7% rise compared to 2024. Likewise, cargo volumes will rise by 5.8% from 2024. For the first time, total industry revenues will likely be over the $1 trillion mark, up 4.4% from 2024.

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