麦肯锡 -航空业是否终于即将迎来腾飞 Could aviation at last be close to earning its wings.docx

麦肯锡 -航空业是否终于即将迎来腾飞 Could aviation at last be close to earning its wings.docx

November2026

McKinsey

Company

TravelPractice

Couldaviationatlastbe

closetoearningitswings?

Theaviationvaluechainsrecentperformancetellsdivergentstories:Moreairlinesarecreatingvalue,andmorearedoingsoconsistently-yetthe

industrystillcannotcoveritscostofcapita

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