Fuel inflation and capacity constraints cloud airline growth outlook
Skyrocketing jet-fuel prices and geopolitical disruption are squeezing airline profitability and raising the prospect of a market correction, even as passenger demand is expected to grow. ING forecasts about 5% global passenger growth in 2027, while aircraft shortages constrain capacity; American is losing ground to Delta and United, and Finnair expects 7% passenger growth in 2026 on just 1% capacity growth.