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Article: International Air Transport Association (IATA).(AIR TRANSPORT BRIEFING)
- Article from:
- Interavia Business & Technology
- Article date:
- December 22, 2007
CopyrightCOPYRIGHT 2007 Aerospace Media Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* The International Air Transport Association (IATA) has released a new industry financial forecast estimatinq a global industry profit of US$5.6 Billion in 2007 falling to US$5.0 billion in 2008. The outlook is unchanged for 2007 at US$5.6 billion. Higher oil prices (full-year average forecast of US$73 per barrel) were offset by strong traffic growth (5.9% for passenger traffic) and even stronger revenue growth of 8.4%. "For the first time since 2000, we are profitable. That is good news, representing a lot of hard work by airlines. Since 2001 non-fuel unit costs dropped 16%, labour productivity is up 64% and sales and marketing unit costs decreased 25%. But with a 1.1% ...