
Strong traffic growth but profits undercut by sky high fuel prices, says IATA
According to Giovanni Bisignani, director
general & CEO of IATA, international passenger and cargo traffic growth continued to exceed expectations through July, but the extraordinarily high level of oil prices points to yet another year of significant airline losses. Freight volumes show solid and accelerating growth. Driven by buoyant world trade and far less distorted by SARS and other shocks affecting passenger traffic, year-on-year freight volumes grew 14. 1% in the first seven months of 2004 over 2003, and 15.3% when compared to 2000. “Positive traffic results have been overtaken by fuel costs. They are our biggest nightmare,” said Bisignani. Each dollar added to average price of a barrel of Brent over the year adds a US$1 billion to the industry's costs. Airlines are taking a wide range of measures to improve fuel efficiency, but they cannot do it alone, says Bisgnani. “The high cost of fuel exaggerates existing inefficiencies in the industry's infrastructure. Air traffic control delays and inefficient routings are wasteful – something we cannot tolerate. Our ATC partners must drive inefficiencies out of their systems.”
تصاویر
آرشیو زمانی
یکشنبه, 12 مهر 1383

Strong traffic growth but profits undercut by sky high fuel prices, says IATA
According to Giovanni Bisignani, director
general & CEO of IATA, international passenger and cargo traffic growth continued to exceed expectations through July, but the extraordinarily high level of oil prices points to yet another year of significant airline losses. Freight volumes show solid and accelerating growth. Driven by buoyant world trade and far less distorted by SARS and other shocks affecting passenger traffic, year-on-year freight volumes grew 14. 1% in the first seven months of 2004 over 2003, and 15.3% when compared to 2000. “Positive traffic results have been overtaken by fuel costs. They are our biggest nightmare,” said Bisignani. Each dollar added to average price of a barrel of Brent over the year adds a US$1 billion to the industry's costs. Airlines are taking a wide range of measures to improve fuel efficiency, but they cannot do it alone, says Bisgnani. “The high cost of fuel exaggerates existing inefficiencies in the industry's infrastructure. Air traffic control delays and inefficient routings are wasteful – something we cannot tolerate. Our ATC partners must drive inefficiencies out of their systems.”