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...
ahead airport attack commercial cost discipline efficiency far focus fuel good industry monopolies partners reduction regulate remains responsibility road sustain understand
Cost reduction remains critical. All industry partners and stakeholders will have to sustain their focus on fuel efficiency and attack costs. While we have made some good progress, the road ahead is long. Far too many airport monopolies do not understand the need for efficiency and too many governments are shirking their responsibility to regulate where commercial discipline is absent.
bill billion fuel industry jet percent range top total
The total fuel bill for the industry has more than doubled in two years, from $44 billion in 2003, and will top $97 billion in 2005. With a total industry turnover in the range of $400 billion a year, jet fuel will make up 25 percent of our total costs.
billion cent forecast grow industry loss passenger per projected range record traffic year
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 US$4 billion for 2006.
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.
billion cash difficult fully global grab industry oil pouring principles salt supply understand wounds
We fully understand the principles of supply and demand. But it is difficult to see this as anything other than a $14 billion cash grab by the oil industry that is pouring salt into the wounds of a global crisis.
barrel billion burden card continuing costs dollar domestic drive enormous fuel hike increase industry last levels months offset oil per positive prices reduction remains rise rose wild yield
Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 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.
added adds again barrel billion costs dollar industry oil price return robbing
Oil is once again robbing the industry of a return to profitability, ... Each dollar added to the price of a barrel adds $US1 billion in costs to the industry.
across common continue evolve industry provides quality service top
We must continue to evolve to a low-cost industry that provides high-quality, cost-efficient service across the board. This should be at the top of our common agenda.
black industry ink until
The industry will not see black ink until at least 2007.
began growth industry normal pattern returning shocks
The industry is returning to a more normal growth pattern after the shocks that began in 2001.
both growth industry passenger percent track
The industry is on track with 2006 growth expectations of 5-6 percent for both freight and passenger traffic.
afford cannot impact industry negative
The industry cannot afford the negative impact of overcapacity.
above definite following growth january months points seen starting time traffic trend year
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.
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.