30-Oct-2009 4:50 PM
Aviation industry remains “firmly in the red with a fragile business environment”: IATA
Analysis
IATA Director General and CEO, Giovanni Bisignani, stated the aviation industry remains "firmly in the red with a fragile business environment", adding that it is "far too early to call this a recovery". Upon the release of the latest IATA international air traffic statistics for Sep-2009, Mr Bisignani added that the "worst may be over in terms of the fall in demand, but yields continue to be a disaster and costs are rising".
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