Airlines Face 30% Surge in Spare Part Costs Amid Ongoing Supply Chain Chaos
Airlines are facing higher costs and delays due to ongoing supply chain issues, which are impacting their ability to meet sustainability goals and provide smooth service. Although passenger traffic has bounced back, shortages in spare parts and longer maintenance times are forcing airlines to keep older planes longer and reduce some services. These challenges are pushing up costs and leading to market share losses, with more delays expected for at least two more years.