Airbus has lowered its plane production targets for this year and next due to supply chain issues, impacting airlines and passengers alike. With jet supply tightening, airlines are forced to adjust expansion plans, potentially leading to fewer available seats and higher fares for travelers. Although Airbus appears to have avoided the production issues plaguing rival Boeing, its A320neo jets have faced grounding due to engine problems. The news caused a 12% drop in Airbus shares and highlights the challenges faced by the aviation industry amidst surging demand for air travel. This demand, coupled with limited supply, is expected to drive up airfares. In fact, airfares have already risen by 30% in 2022 compared to the previous year, with prices likely to increase further if aircraft deliveries remain constrained. Passengers can also expect fuller planes this summer, as airlines struggle to meet the demand while facing staffing shortages and production delays.