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...
bill billion fuel industry jet percent range top total
The total fuel bill for the industry has more than doubled in two years, from $44 billion in 2003, and will top $97 billion in 2005. With a total industry turnover in the range of $400 billion a year, jet fuel will make up 25 percent of our total costs.
capacity ensure fuel hurricane impact katrina relief supplies
Moreover, the impact of Hurricane Katrina on fuel supplies and refinery capacity will only ensure that relief will not come soon.
concerned fuel less operations percent priority
The first priority of all concerned was maintaining operations at Heathrow with 35 percent less fuel supply.
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.
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 $7.4 billion for 2005.
barrel billion burden card continuing costs dollar domestic drive enormous fuel hike increase industry last levels months offset oil per positive prices reduction remains rise rose wild yield
Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 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.
ahead airport attack commercial cost discipline efficiency far focus fuel good industry monopolies partners reduction regulate remains responsibility road sustain understand
Cost reduction remains critical. All industry partners and stakeholders will have to sustain their focus on fuel efficiency and attack costs. While we have made some good progress, the road ahead is long. Far too many airport monopolies do not understand the need for efficiency and too many governments are shirking their responsibility to regulate where commercial discipline is absent.
distract efforts european regional solution unilateral
A European solution is no solution at all. Unilateral regional efforts will only distract from this process,
counting longer losing partners shirt
If one of the partners in a partnership is losing his shirt while the other is counting his money, it is no longer a partnership.
existing technology
It's not revolutionary technology, it's not something that we have to invent, it's existing technology.
billion cent forecast grow industry loss passenger per projected range record traffic year
Freight and passenger traffic are forecast to grow in the 5 to 6 per cent range during the year but the industry is projected to record another loss of over US$4 billion for 2006.
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Paper costs money...you do not need to be a rocket scientist to understand that up to $3 billion in savings are possible.
achieved aircraft airlines bill costs gave increase office operating percent pilot reduction total users
Europe's airlines have achieved a 9 percent reduction in aircraft operating costs, a 24 percent reduction in distribution and back office costs and a 14 percent increase in pilot productivity. Airports, on the other hand, gave the airlines a 13 percent increase in per-passenger costs, with a total bill for airlines and their users of $14.5 billion.