Each dollar added to the price of a barrel of oil adds 1 billion in costs to the industry.
More Quotes from Giovanni Bisignani:
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.Giovanni Bisignani
Remember, India is our greatest potential market.
Giovanni Bisignani
The European discussion of airline blacklists to improve airline safety is a cause for concern, ... While blacklists may be an opportunistic political response to human tragedies, they are not the solution to further improving airline safety.
Giovanni Bisignani
The approach of the French Government to air transport is from another age. There was little or no financial transparency. And a result that ignores the recommendation of an independent commission makes a total mockery of the consultation process. The government should support greater efficiency rather than shirking its regulatory responsibilities.
Giovanni Bisignani
February, traditionally the slowest month for international traffic, brought both good news and solid growth.
Giovanni Bisignani
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.
Giovanni Bisignani
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