A recent analysis of the global aviation value chain reveals many subsectors are now outperforming 2019 levels, with significant shifts reshaping the industry. The airline sector, for instance, recorded its best performance in decades, almost achieving its cost of capital in aggregate.
The aviation value chain comprises airlines, original equipment manufacturers that produce aircraft and engines, aircraft lessors, air navigation service providers, jet fuel producers, airports, catering suppliers, ground services companies, maintenance, repair, and overhaul organisations, freight forwarders, and providers of global distribution systems and travel technologies.
