Jay Shabat’s Post

quote from Canada's Air Transat: #airline "The economy is still fragile, and we feel it above all, the airline industry. The airline industry supply chain is still broken. Their problems with engines, with parts, with maintenance schedules, and all of these are important. We now understand that it will take more than enthusiastic travelers to revive an industry that has seen its aircraft grounded worldwide... The industry has returned to its former level of activity but has not yet regained its former stability. Solid demand remains the basis for recovery. Spending on travel remains a priority for consumers, although the context is changing. What we call revenge travel was particularly prevalent in 2023. When people were very keen to travel and had available cash. We are now facing a context of steady demand, but in an environment of aggressive supply with a widespread increase in capacity by all players in the industry against this backdrop, we are adjusting dynamically. "

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