The industry will not see black ink until at least 2007.
More Quotes from Giovanni Bisignani:
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.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
Remember, India is our greatest potential market.
Giovanni Bisignani
Efficiency and cost reduction are a matter of survival for airlines. Charles de Gaulle Airport is already the second most expensive airport in Europe. It should be focusing on cost decreases not increases. This short-sighted decision will have long-term effects on the competitive position of Paris as a major hub.
Giovanni Bisignani
We must continue to evolve to a low-cost industry that provides high-quality, cost-efficient service across the board. This should be at the top of our common agenda.
Giovanni Bisignani
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.
Giovanni Bisignani
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A friend of mine took me to Memphis advised me that I should get in the musicians' union. He gave me a set of drums and said, Stay on the job, son.
Levon Helm
If they did it like they did it in '96 or whenever, just picking it from one meet, what if someone had the meet of their life but they're not usually a good competitor? That could be really bad for the team. So, I think this is the best way.
Carly Patterson