7-Jun-2010 10:53 AM

Time for cautious optimism: IATA

IATA Director General and CEO, Giovanni Bisignani, stated it is “finally time for some cautious optimism” for the recovery of the aviation industry (AFP, 06-Jun-2010). IATA believes the Apr-2010 disruption caused by the European volcanic ash crisis will slow growth but the underlying trend is a sustained recovery. Mr Bisignani cautioned that the industry is trading ash for uncertainties over strikes and the growing currency crisis, both also focussed on Europe (Hindu Business Line, 06-Jun-2010).

IATA: “Labour must realise that their pay checks are supported by the performance of the company. The middle of a very fragile recovery is not the time to be asking for salary increases or improved conditions. This mentality is divorced from reality,” Giovanni Bisignani, Director General & CEO. Source: Hindu Business Line, 06-Jun-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More