There is a new cautious optimism emerging in the industry. Improved economic prospects in Europe and Asia, combined with an improving situation in the US, will lead to reduced losses in 2006 and strengthened profitability in 2007. While the trend is positive, we are nowhere near sustainability.
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
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
If we reach our target of 100 percent for worldwide electronic ticketing in 2007, then the airline industry could save about 3.5 billion annually.
Giovanni Bisignani
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.
Giovanni Bisignani
The challenges facing the industry are enormous.
Giovanni Bisignani
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