IATA director general Willie Walsh said airlines will not be able to continue 'absorbing the cost' of disruption caused by the closure of the Strait of Hormuz in the long term.
Ahead of the Easter holidays, aviation giants IATA, A4E, and ACI Europe are demanding an urgent EU review of the new Entry/Exit System, warning of widespread delays over Easter.
The profitability of the aviation industry is expected to improve in 2025 despite global gross domestic product growth being forecast to fall, the IATA says.