Global airlines set for record $41 billion net profit next year, IATA says

Global airlines set for record $41 billion net profit next year, IATA says

GENEVA, Dec 9 (Reuters) - Global airlines trade body IATA said on ​Tuesday the airline sector would ‌post record profits next year despite ongoing supply ‌chain issues leading to slower aircraft deliveries and a delay in rolling out more fuel-efficient jets.

The projection ⁠comes as plane ‌manufacturer Airbus cut its plane delivery target for 2025, ‍citing a quality issue with some metal fuselage panels on its A320 planes.

The world's ​leading jetmakers Airbus and Boeing ‌have both faced delivery delays to their airline clients in recent years.

Without newer, more efficient planes, airlines say they cannot cut back fuel costs ⁠while flying more people.

Still, ​IATA struck an ​optimistic note for the year to come.

"Airlines have successfully built shock-absorbing ‍resilience into ⁠their businesses that is delivering stable profitability," said International Air Transport ⁠Association director general Willie Walsh in a ‌statement.

(Reporting by Joanna Plucinska; Editing ‌by Jan Harvey)

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