IATA warns of overcapacity and oil as risks

IATA Director General & CEO, Giovanni Bisignani, cautioned that overcapacity is a risk in 2010, with 1,400 commercial aircraft expected to be delivered in 2010 (Dow Jones, 25-Mar-2010). Airbus and Boeing intend to lift production rates from late-2010 and mid-2011, respectively. Bisignani reaffirmed that oil prices are expected to average USD79 per barrel - USD17 per barrel higher than in 2009, and oil uncertainty remains a "wild card" for the industry.