We are filling the planes-and with high load factors-but there is a lot to do before the industry's balance sheet recovers. The industry faces several risks. The rising price of oil continues to kill our profitability. The airlines are managing capacity as carefully as they are managing costs. As the record aircraft orders of last year are delivered, matching capacity to demand will become even more critical. And Avian Flu is the wild card for 2006.
More Quotes from Giovanni Bisignani:
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.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
The story for January was freight which is starting to show a definite strengthening trend following the disappointing 3.2 growth of 2005. This is the first time in a year we have seen two consecutive months of freight traffic growth above 5 which points to a resurgent world economy.
Giovanni Bisignani
Oil remains the single-biggest challenge for airline profitability. Strong demand gives little hope of significantly reduced prices this year. What is disappointing is the response of the oil industry. Instead of expanding refinery capacity, the oil companies plan to return a quarter of a trillion dollars to investors over the next two years. Airlines alone have contributed 14 billion to this windfall profit. It is time that governments stepped in to encourage investment in new refinery capacity along with research into alternative fuel sources.
Giovanni Bisignani
Remember, India is our greatest potential market.
Giovanni Bisignani
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Danger & Risk QuotesBased on Keywords: matching, recovers
The pursuit of science leads only to the insoluble.
Benjamin Disraeli
Everything I have, my career, my success, my family, I owe to America.
Arnold Schwarzenegger
However, I don't doubt that a wave of immigration will come to Poland.
Aleksander Kwasniewski