Airlines on Monday revised down their traffic and profit forecasts for 2025, citing "headwinds" for the global economy, with industry chiefs warning of the risk of increased tariffs impacting the sector. A barrel of Brent North Sea crude, the international benchmark, stands below $65 as a result of Trump's tariffs, his call to "drill baby drill" and especially a decision by OPEC+ to hike crude output quotas. "Additionally, the uncertainty over how the Trump administration’s trade policies will evolve could hold back critical business decisions that drive economic activity, and with it the demand for air cargo and business travel."
Published at: 2025-06-02 21:47:38
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