As we enter the last month of 1Q24 (already?), here are some thoughts on the state of the commercial aviation industry. The summary is that there is a silver lining, but it is obscured – for now.
The perfect storm consists of a passenger capacity shortage driven by a pilot shortage (the residue of too many retirements during COVID) and Pratt & Whitney GTF-related AOGs. Add the MAX 9 production squeeze and ongoing delay in getting the MAX 10 certified to that mix.
