IATA takes cautious view on future prospects

(Singapore:

09 November 2006) Speaking on the first day of Outlook 2007, Chief Economist at the International Air Transport Association, Brian Pearce, told the assembled aviation leaders that cyclical and structural challenges remain and threaten future profitability, especially in this region. “Asia is starting to fall behind,” he observed, showing that Europe’s carriers’ financial performance had surpassed that of their Asia Pacific counterparts.