My Account Menu

CAPA Login

Register to trial CAPA Membership!

The Istanbul blues: An airline crisis for sure, but who is listening


This is the Perspective from today's edition of Europe Airline Daily - the comprehensive new pre-digested daily update on strategic news from Europe, saving you time and keeping you right up to date. Complimentary subscriptions to this report are currently available. Register now!

IATA Director General and CEO, Giovanni Bisignani, has, as expected, delivered a sharp downgrade in the outlook for the airline industry in 2008. In a little over three months, the industry’s expected profit of USD4.5 billion (based on an average oil price of USD86 per barrel, Brent) has swung by USD6.8 billion to a predicted loss of USD2.3 billion. If oil prices stay around USD135 per barrel, the industry’s losses could balloon to USD6.1 billion this year. [864 words]

Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.