SInGAPORE_AIR
Posts: 11621
Joined: Mon Nov 13, 2000 4:06 am

Iata Expected To Reveal $7 Billion Loss 4 Industry

Thu Oct 11, 2001 2:51 am

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.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos