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.
More Quotes from Giovanni Bisignani:
We are working on four core projects 100 percent e-ticketing globally by the end of 2007 bar-coded boarding passes common use of self-service check-in kiosks and radio-frequency identification for baggage management.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
Oil is once again robbing the industry of a return to profitability. Cost reductions and efficiency gains have never been more critical.
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
The industry is returning to a more normal growth pattern after the shocks that began in 2001.
Giovanni Bisignani
Each dollar added to the price of a barrel of oil adds 1 billion in costs to the industry.
Giovanni Bisignani
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I think back a little bit when President Bush was elected President and what kind of economy he inherited from the Clinton administration. The economy was going down. It was not doing well.
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