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IATA-Bisignani: airlines to lose USD 5,2 billion in 2008

Montreal, Canada - Slowing demand and high oil to blame

"The International Air Transport Association (IATA) today announced a revised industry financial forecast that would see the global airline industry post losses of USD 5.2 billion in 2008 based on an average crude oil price of USD 113 per barrel (USD 140 for jet fuel). 'The situation remains bleak. The toxic combination of high oil prices and falling demand continues to poison the industry’s profitability. W...

fra/pec - 1093845
Rome, Italy, 09/03/2008 17:49
AVIONEWS - World Aeronautical Press Agency

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