IATA forecasts $1t 2025 revenue

GENEVA, Dec 11 (Reuters): Global airlines body IATA forecast industry-wide 2025 revenue of more than a trillion dollars and record passenger numbers, despite what its chief Willie Walsh said on Tuesday were "unacceptable" difficulties in securing new planes.

Airlines around the world have seen their growth hampered by delays in jet deliveries stemming from problems at Boeing and Airbus as well as their suppliers.

Without newer, more efficient planes, airlines say they cannot cut back fuel costs while flying more people.

"We've given them time. I think our patience has run out. The situation is unacceptable," International Air Transport Association director general Walsh told reporters in Geneva.

Walsh said suppliers were acting like "quasi-monopolies" and appeared to be benefiting from the problems they had caused.