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Iata: strong traffic growth but profits undercut by sky high fuel prices
Geneva, Switzerland - According to Giovanni Bisignani, Director General and CEO of the International Air Transport Association "It's our biggest nightmare"
"International passenger and cargo traffic growth continued to exceed expectations through July, however the extraordinarily high level of oil prices points to yet another year of significant airline losses", said Giovanni Bisignani, Director General and CEO of IATA. "Ending the year with double-digit passenger growth is possible given the industry's performance for the first seven months of 2004....
fra/pec - 102304
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency