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IATA: high-fuel USD 15bn more for airlines

Rome, Italy - Air traffic growed by 14 per cent

The high fuel costs caused to world airlines a USD 35bn in losses between 2001 and 2004: the high oil price will cost USD 15bn more than last year. The International Air Transport Association's (IATA) director general Giovanni Bisignani reported it yesterday during the "Global press briefing": "Fuel is the enemy this year" he said. However, air traffic is recovering: 2004 passengers increased by 14...

AVIONEWS - World Aeronautical Press Agency - 109896
Rome, Italy, 12/15/2004 17:56
AVIONEWS - World Aeronautical Press Agency

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