Profit By Air

July 2007
Air Cargo World;Jul2007, Vol. 97 Issue 7, p4
Trade Publication
The article reports that the International Air Transport Association (IATA) is doubling its forecast for industry profitability to $5 billion for the present year. The new assessment indicates that the airlines are on a strong financial ascent after making losses for several years. According to Giovanni Bisignani, the director general and chief executive officer of the IATA, the profit is built on a 56 percent improvement in labor productivity and a percent decrease in fuel expenses.


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