Airlines: 2025 Positive Outlook Overshadowed By Supply Disruption
Airlines: 2025 Positive Outlook Overshadowed By Supply Disruption
Meanwhile, return on invested capital (ROIC) for the global airlines industry is expected to be 6.8% in 2025 compared to 6.6% last year.Global airlines industry is expected to record increased revenue and profit in 2025 but the financial results will be hard earned as the supply chain has been disrupted by aircraft delivery backlog, reported the national news agency Bernama quoting the International Air Transport Association (IATA).
全球航空公司行業預計將在2025年實現營業收入和淨利潤的增長，但由於飛機交付積壓導致供應鏈受到干擾，財務結果將來之不易，國家通訊社Bernama報道國際航空運輸協會（IATA）的消息。
According to IATA, all the world regions are expected to show improvement of financial performance and deliver a net profit in 2025. Overall, global passenger traffic in 2025 is expected to exceed the five billion mark for the first time, rising 6.2% to 5.2 billion.
根據IATA的消息，所有地域板塊預計將在2025年呈現財務績效改善並實現淨利潤。總體來看，2025年全球旅客運輸量預計將首次超過50億，增長6.2%，達到52億。
Total industry revenue is expected to reach US$1.01 trillion (RM4.46 trillion), an increase of 4.4% from 2024, surpassing the US$1 trillion-mark for the first time. Airlines profitability in 2025 is expected to strengthen, resulting in total net profit of US$36.6 billion (RM161.8 billion) which reflects a 3.6% net profit margin. Total operating profit is expected to reach US$67.5 billion (RM298.35 billion) which represents a net operating margin of 6.7%, up from 6.4% projected for 2024.
整個行業的營業收入預計將達到1.01萬億億美元（46.6萬億人民幣），比2024年增長4.4%，首次突破1萬億美元。航空公司在2025年的盈利能力預計將增強，預計淨利潤總額爲366億美元（1618億人民幣），反映出3.6%的淨利潤率。總營業利潤預計將達到675億美元（2983.5億人民幣），這代表了6.7%的淨營業利潤率，高於2024年預計的6.4%。
Meanwhile, return on invested capital (ROIC) for the global airlines industry is expected to be 6.8% in 2025 compared to 6.6% last year.
與此同時，全球航空公司行業的投資資本回報率（ROIC）預計在2025年爲6.8%，而去年爲6.6%。
The robust financials, however, will be hard earned as airlines struggle to keep load factors above 83%, tightly control costs, invest in decarbonisation and maneuver the returns back to normal levels following the pandemic, said IATA director-general Willie Walsh at the IATA Media Global Day held in Geneva, adding that lower oil prices have provided some relief amid the challenges.
然而，強勁的財務表現將來之不易，因爲航空公司努力保持載客率在83%以上，嚴格控制成本，投資於碳減排，並在疫情後將回報恢復到正常水平，IATA總幹事威利·沃爾什在日內瓦舉行的IATA全球媒體日上表示，降低的油價在這樣的挑戰中提供了一些緩解。
Aviation industry of Asia-Pacific (APAC) is expected to record a net profit amounting to US$3.6 billion (RM15.9 billion), representing a 1.4% net profit margin. Also, APAC is the largest market in terms of revenue passenger kilometres (RPK) with Chinese passengers accounting for over 40% of the region's air traffic.
亞太地區（APAC）航空行業預計將實現36億美元（159億人民幣）的淨利潤，代表着1.4%的淨利潤率。此外，按營收乘客公里（RPK）計算，亞太地區是最大的市場，其中中國乘客佔該地區航空交通的40%以上。
In 2024, APAC's RPKs grew by 18.6%, fuelled in part by visa exemption policies of China, Vietnam, Malaysia and Thailand.
在2024年，亞太地區的RPK增長了18.6%，這在一定程度上得益於中國、越南、馬來西亞和泰國的免籤政策。
In the longer term, APAC's international air traffic is expected to rise 5.6% on average from 2023 to 2043, but still behind ASEAN's 6.1% average growth. (ASEAN: Association of Southeast Asian Nations)
從長遠來看，預計從2023年到2043年，亞太地區的國際航空交通平均增長5.6%，但仍落後於東盟（ASEAN，東南亞國家聯盟）的6.1%平均增長。
However, global airline operators need to fix their battered post-pandemic balance sheets while tackling supply chain issues that have hampered the progress of recovery.
然而，全球航空公司需要修復他們在疫情後受損的資產負債表，同時解決影響復甦進程的供應鏈問題。
"...the aging fleet that airlines are using has higher maintenance costs, burns more fuel, and takes more capital to keep it flying. On top of this, leasing rates have risen more than interest rates as competition among airlines intensified and aviation operators scramble to find every way possible to expand capacity," said Walsh.
「...航空公司使用的老化機隊維護成本更高，燃油消耗更多，而且需要更多資本來維持飛行。此外，隨着航空公司之間競爭加劇，航空運營商爭相尋找各種方式擴展運力，租賃費的上漲幅度超過了利率。」沃爾什說道.
Walsh said aircraft manufacturers are letting down their airline customers and that is having a direct impact of slowing down the crucial decarbonisation efforts and the goal of net zero carbon emissions by 2050 may not be practically attainable.
沃爾什表示， aircraft 製造商辜負了他們的航空公司客戶，這直接影響了至關重要的脫碳努力，2050年實現淨零碳排放的目標可能在實際操作中無法實現。
Aircraft deliveries forecast for 2025 has been revised downward to 1,802, well below the 2,293 projected previously. In 2024, aircraft deliveries forecast stands at 1,254.
對2025年的飛機交付預測已向下修正至1802架，遠低於之前預測的2293架。2024年的飛機交付預測爲1254架。
As reported, the backlog for new aircraft has reached a record high of 17,000 planes.
據報道，新飛機的積壓訂單已達到17000架的創紀錄高位。
譯文內容由第三人軟體翻譯。
