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Iata: traffic up but oil price threatens profitability

Geneva, Switzerland - After a year with the impact of Sars and the war in Iraq

A year after the devastating impact of Sars and the War in Iraq, industry efforts to rebuild passenger confidence see traffic largely recovered. The problem is now on the cost side, said Giovanni Bisignani, Director General and CEO of the International Air Transport Association. "On average, fuel accounts for 16% of airline operating costs. Fuel prices are 55% higher than one year ago. This could...

fra/pec - 63978
Rome, Italy, 05/31/2004 12:19
AVIONEWS - World Aeronautical Press Agency

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