Giovanni Bisignani
Giovanni Bisignani
Giovanni Bisignaniis an Italian businessman, who was Director General and Chief Executive Officer of the International Air Transport Association from 2002 to 2011...
air priorities battle
As we battle the high price of fuel, cost efficiency will continue to be a top priority not only for airlines but for every partner in the value chain including airports and air navigation service providers.
oil gains return
Oil is once again robbing the industry of a return to profitability. Cost reductions and efficiency gains have never been more critical.
airports decision ownership
Airport take their own commercial decisions on their ownership structure. But this must not be at the expense of exploiting airlines through higher charges
existing technology
It's not revolutionary technology, it's not something that we have to invent, it's existing technology.
airline battle beyond effective improve increase reduce yields
The airline battle to reduce costs, increase yields and improve efficiencies is effective well beyond expectations.
barrel billion burden card continuing costs dollar domestic drive enormous fuel hike increase industry last levels months offset oil per positive prices reduction remains rise rose wild yield
Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50%. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4% in February.
airline airlines alone along billion capacity challenge companies demand dollars encourage expanding fuel gives hope instead investment investors next oil plan prices quarter reduced remains research response return stepped strong time trillion
Oil remains the single-biggest challenge for airline profitability. Strong demand gives little hope of significantly reduced prices this year. What is disappointing is the response of the oil industry. Instead of expanding refinery capacity, the oil companies plan to return a quarter of a trillion dollars to investors over the next two years. Airlines alone have contributed $14 billion to this windfall profit. It is time that governments stepped in to encourage investment in new refinery capacity along with research into alternative fuel sources.
agreement begin closely complex continue crisis develop fuel future global handling hurdle monitor next pragmatic schedules solution standard summer supply undertake unique
The fuel crisis at Heathrow is unprecedented. Today's agreement is a pragmatic solution to a very difficult, complex and unique situation. IATA will continue to closely monitor the situation. The next hurdle will be accommodating summer schedules that begin on 31 March. Simultaneously IATA will undertake to develop a global standard for handling future supply crises.
concerned fuel less operations percent priority
The first priority of all concerned was maintaining operations at Heathrow with 35 percent less fuel supply.
airlines commercial decisions expense exploiting higher ownership
Airports take their own commercial decisions on their ownership structure. But this must not be at the expense of exploiting airlines through higher charges.
airlines billion bottom drive fuel losses spend year
Airlines will spend $34 billion more for fuel this year than last, and about $1.4 billion of that will make its way to the bottom line. That will drive losses to $7.4 billion for 2005.
airlines fast moved played
Airlines moved fast after Sept. 11, re-engineering, restructuring. But governments have not played a role,
aircraft airline became flags heavy national ownership sinking
Airline ownership restrictions became national rights. Now the flags on our aircraft are so heavy they are sinking the industry.
efficiency factor growth handling increasing issue load profitable solution
The growth is there, the issue is how we can make this growth into a profitable industry. The solution is increasing efficiency of airlines, increasing the load factor and handling better capacity.