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 US4 billion for 2006.
More Quotes from Giovanni Bisignani:
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.Giovanni Bisignani
Paper costs money...you do not need to be a rocket scientist to understand that up to 3 billion in savings are possible.
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
The industry is returning to a more normal growth pattern after the shocks that began in 2001.
Giovanni Bisignani
Turning growth into profitability has never been more critical. Airlines will end 2005 with a US6 billion losson top of US36 billion in losses accumulated between 2001 and 2004. As we battle the high price of fuel, cost efficiency will continue to be a top prioritynot only for airlines but for every partner in the value chain including airports and air navigation service providers.
Giovanni Bisignani
Airline ownership restrictions became national rights. Now the flags on our aircraft are so heavy they are sinking the industry.
Giovanni Bisignani
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