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Iata: rebalancing the air transport industry
New York, Usa - US$ 5.5 billion industry loss expected for 2005
"The high price of fuel is robbing our profitability", said Giovanni Bisignani, Director General and CEO of the International Air Transport Association at the opening of the AirFinance conference in New York. "The fuel bill has risen from US$ 44 billion in 2003, US$63 billion last year. If oil averages at US$43 per barrel (Brent) for 2005, the bill will be US$76 billion. And that would leave us with...
fra/pec - 117864
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency