Airlines facing skewed value chain; profit margin never crossed 5 pc; IATA executive

Airlines worldwide face a skewed value chain, limiting profit margins. IATA's Marie Owens Thomsen highlights legacy policies as a cause. She hopes India's efforts to balance the chain will set an example. Aircraft manufacturers and oil companies hold significant power. Airlines are squeezed between costs and price-sensitive customers. IATA projects a USD 36 billion net profit for airlines in 2025.