For nearly 20 years, we’ve run an annual aviation value chain analysis, and have recently completed a refresh with 2022 data. The results indicate that all subsectors continued their recovery in 2022, but overall, the aviation value chain still shows significant losses. As expected, the industry’s overall financial performance is recovering—aggregated economic performance for the full value chain resulted in a decrease in the sector’s net loss from $159 billion in 2021 to $69 billion in 2022. As in previous years, airlines remain the biggest drag on value chain performance. What is surprising is that this holds true for all regions. Even North America, where demand recovery is strongest, saw airlines generate a loss on par…
Checking in on the aviation value chain’s recovery
