Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Iata Expected To Reveal $7 Billion Loss 4 Industry  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13756 posts, RR: 18
Posted (14 years 7 months 3 weeks 8 hours ago) and read 1518 times:

Aviation Daily: International Losses Could Top $7B, IATA Reports
By Aviation Daily Staff

10-Oct-2001 10:13 AM U.S. EDT

The global airline industry this year is expected to lose $7 billion on international scheduled services alone, according to new IATA estimates.

Before the Sept. 11 attacks, the group was estimating losses of $2.5 billion, but it now believes traffic will be down about 15% between now and yearend. Even with the deep losses and job cuts that could top 200,000, IATA Director General Pierre Jeanniot believes the industry will recover in 2002.

"I am very confident that our industry will weather the storm," Jeanniot said in Hong Kong. "It will emerge, bruised but reformed and very much strengthened."

He noted that flying remains the safest form of mass transport, but all the industry players "need to share the same vision" to keep flights safe. In addition to "more intense application of conventional airport security screening, successful defense against terrorism should consist of better government intelligence and wider application of biometrics."

Jeanniot has been a long-time supporter of using high-tech tools such as electronic fingerprint screening and eye scans to develop a worldwide database of passengers.

Separately, during a visit to China, Jeanniot signed an agreement with the Civil Aviation University of China and Northern Jiaotong University, under which the IATA Aviation MBA qualification will become available in China.

Anyone can fly, only the best Soar.
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
F9 Expected To Post A Loss posted Tue Nov 29 2005 04:48:45 by MSYtristar
DL Expected To Report 1Q $670M Loss posted Tue Apr 19 2005 23:52:06 by Dl757md
Aeropostal Expected To Announce FLL; NK Codeshare posted Sat Nov 18 2006 22:49:05 by MAH4546
Fuel Expected To Remain Near $70/bbl posted Tue Apr 11 2006 22:18:35 by Laxintl
CNN: Legacies Expected To Return To Profit posted Fri Mar 24 2006 17:15:43 by BigGSFO
Seattle Times: EK Expected To Order 26x 773ER posted Thu Nov 17 2005 12:15:40 by Sq212
DL To Post A 2bln Loss posted Thu Oct 20 2005 19:31:23 by Jetjack74
NW Predicting A 1.7 Billion Loss For 05 posted Wed Oct 19 2005 05:30:33 by Jetjack74
NWA Aims To Save $2.5 Billion In Costs posted Wed Oct 12 2005 20:36:33 by KarlB737
UA To Get $3 Billion In Exit Financing! posted Fri Aug 26 2005 00:53:39 by Hoya