Giovanni Bisignani
Giovanni Bisignani
Giovanni Bisignaniis an Italian businessman, who was Director General and Chief Executive Officer of the International Air Transport Association from 2002 to 2011...
airline battle beyond effective improve increase reduce yields
The airline battle to reduce costs, increase yields and improve efficiencies is effective well beyond expectations.
airline airlines alone along billion capacity challenge companies demand dollars encourage expanding fuel gives hope instead investment investors next oil plan prices quarter reduced remains research response return stepped strong time trillion
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.
achieved aircraft airlines bill costs gave increase office operating percent pilot reduction total users
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.
airline billion electronic industry percent reach save target worldwide
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.
airlines commercial decisions expense exploiting higher ownership
Airports take their own commercial decisions on their ownership structure. But this must not be at the expense of exploiting airlines through higher charges.
airlines billion bottom drive fuel losses spend year
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 $7.4 billion for 2005.
airlines fast moved played
Airlines moved fast after Sept. 11, re-engineering, restructuring. But governments have not played a role,
aircraft airline became flags heavy national ownership sinking
Airline ownership restrictions became national rights. Now the flags on our aircraft are so heavy they are sinking the industry.
great india market short
India was always a great market, but for the future. Now it can become an important market in the short term.
airport charles cost decision effects efficiency expensive focusing major matter paris position reduction second survival
Efficiency and cost reduction are a matter of survival for airlines. Charles de Gaulle Airport is already the second most expensive airport in Europe. It should be focusing on cost decreases not increases. This short-sighted decision will have long-term effects on the competitive position of Paris as a major hub.
counting longer losing partners shirt
If one of the partners in a partnership is losing his shirt while the other is counting his money, it is no longer a partnership.
barrel billion burden card continuing costs dollar domestic drive enormous fuel hike increase industry last levels months offset oil per positive prices reduction remains rise rose wild yield
Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50%. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4% in February.
agenda ahead billions capital change cost cover difficult expect involving lost margin near net nowhere partners profit recovering return since
We will only see profitability in 2007 when we expect a return of US$6.2 billion. This is a net profit margin of 1.5%, not even enough to cover the cost of capital and nowhere near recovering the billions lost since 2001. A long and difficult agenda for change involving all partners is still ahead of us.
added adds barrel billion costs dollar oil price
Each dollar added to the price of a barrel of oil adds $1 billion in costs to the industry.