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The challenges facing the industry are enormous. - Giovanni Bisignani Quotes

The challenges facing the industry are enormous.

Giovanni Bisignani

Oil remains the single-biggest challenge for airline profitability. Strong demand gives little hope of significantly reduced prices this year. What is disappointing is the response of the oil industry. Instead of expanding refinery capacity, the oil companies plan to return a quarter of a trillion dollars to investors over the next two years. Airlines alone have contributed $14 billion to this windfall profit. It is time that governments stepped in to encourage investment in new refinery capacity along with research into alternative fuel sources. - Giovanni Bisignani Quotes

Oil remains the single-biggest challenge for airline profitability. Strong demand gives little hope of significantly reduced prices this year. What is disappointing is the response of the oil industry. Instead of expanding refinery capacity, the oil companies plan to return a quarter of a trillion dollars to investors over the next two years. Airlines alone have contributed $14 billion to this windfall profit. It is time that governments stepped in to encourage investment in new refinery capacity along with research into alternative fuel sources.

Giovanni Bisignani

Airports take their own commercial decisions on their ownership structure. But this must not be at the expense of exploiting airlines through higher charges. - Giovanni Bisignani Quotes

Airports take their own commercial decisions on their ownership structure. But this must not be at the expense of exploiting airlines through higher charges.

Giovanni Bisignani

The first priority of all concerned was maintaining operations at Heathrow with 35 percent less fuel supply. Airline co-operation was critical and we have achieved a great and historical result. - Giovanni Bisignani Quotes

The first priority of all concerned was maintaining operations at Heathrow with 35 percent less fuel supply. Airline co-operation was critical and we have achieved a great and historical result.

Giovanni Bisignani

Turning growth into profitability has never been more critical. Airlines will end 2005 with a US$6 billion lossÃ¢â¬âon top of US$36 billion in losses accumulated between 2001 and 2004. As we battle the high price of fuel, cost efficiency will continue to be a top priorityÃ¢â¬ânot only for airlines but for every partner in the value chain including airports and air navigation service providers. - Giovanni Bisignani Quotes

Turning growth into profitability has never been more critical. Airlines will end 2005 with a US$6 billion lossÃ¢â¬âon top of US$36 billion in losses accumulated between 2001 and 2004. As we battle the high price of fuel, cost efficiency will continue to be a top priorityÃ¢â¬ânot only for airlines but for every partner in the value chain including airports and air navigation service providers.

Giovanni Bisignani

Freight and passenger traffic are forecast to grow in the 5 to 6 per cent range during the year but the industry is projected to record another loss of over US$4 billion for 2006. - Giovanni Bisignani Quotes

Freight and passenger traffic are forecast to grow in the 5 to 6 per cent range during the year but the industry is projected to record another loss of over US$4 billion for 2006.

Giovanni Bisignani

If one of the partners in a partnership is losing his shirt while the other is counting his money, it is no longer a partnership. - Giovanni Bisignani Quotes

If one of the partners in a partnership is losing his shirt while the other is counting his money, it is no longer a partnership.

Giovanni Bisignani

Airlines moved fast after Sept. 11, re-engineering, restructuring. But governments have not played a role, - Giovanni Bisignani Quotes

Airlines moved fast after Sept. 11, re-engineering, restructuring. But governments have not played a role,

Giovanni Bisignani

The airline battle to reduce costs, increase yields and improve efficiencies is effective well beyond expectations. - Giovanni Bisignani Quotes

The airline battle to reduce costs, increase yields and improve efficiencies is effective well beyond expectations.

Giovanni Bisignani

Airports are important industry partners for airlines, - Giovanni Bisignani Quotes

Airports are important industry partners for airlines,

Giovanni Bisignani

We must continue to evolve to a low-cost industry that provides high-quality, cost-efficient service across the board. This should be at the top of our common agenda. - Giovanni Bisignani Quotes

We must continue to evolve to a low-cost industry that provides high-quality, cost-efficient service across the board. This should be at the top of our common agenda.

Giovanni Bisignani

A European solution is no solution at all. Unilateral regional efforts will only distract from this process, - Giovanni Bisignani Quotes

A European solution is no solution at all. Unilateral regional efforts will only distract from this process,

Giovanni Bisignani

Each dollar added to the price of a barrel of oil adds $1 billion in costs to the industry. - Giovanni Bisignani Quotes

Each dollar added to the price of a barrel of oil adds $1 billion in costs to the industry.

Giovanni Bisignani

We must chase paper out of our business, - Giovanni Bisignani Quotes

We must chase paper out of our business,

Giovanni Bisignani

Paper costs money...you do not need to be a rocket scientist to understand that up to $3 billion in savings are possible. - Giovanni Bisignani Quotes

Paper costs money...you do not need to be a rocket scientist to understand that up to $3 billion in savings are possible.

Giovanni Bisignani

Money

Oil is once again robbing the industry of a return to profitability. Cost reductions and efficiency gains have never been more critical. - Giovanni Bisignani Quotes

Oil is once again robbing the industry of a return to profitability. Cost reductions and efficiency gains have never been more critical.

Giovanni Bisignani

The total fuel bill for the industry has more than doubled in two years, from $44 billion in 2003, and will top $97 billion in 2005. With a total industry turnover in the range of $400 billion a year, jet fuel will make up 25 percent of our total costs. - Giovanni Bisignani Quotes

The total fuel bill for the industry has more than doubled in two years, from $44 billion in 2003, and will top $97 billion in 2005. With a total industry turnover in the range of $400 billion a year, jet fuel will make up 25 percent of our total costs.

Giovanni Bisignani

Oil is now destroying our profitability. We are in an emergency mode. - Giovanni Bisignani Quotes

Oil is now destroying our profitability. We are in an emergency mode.

Giovanni Bisignani

We fully understand the principles of supply and demand, - Giovanni Bisignani Quotes

We fully understand the principles of supply and demand,

Giovanni Bisignani

Moreover, the impact of Hurricane Katrina on fuel supplies and refinery capacity will only ensure that relief will not come soon. - Giovanni Bisignani Quotes

Moreover, the impact of Hurricane Katrina on fuel supplies and refinery capacity will only ensure that relief will not come soon.

Giovanni Bisignani

We fully understand the principles of supply and demand. But it is difficult to see this as anything other than a $14 billion cash grab by the oil industry that is pouring salt into the wounds of a global crisis. - Giovanni Bisignani Quotes

We fully understand the principles of supply and demand. But it is difficult to see this as anything other than a $14 billion cash grab by the oil industry that is pouring salt into the wounds of a global crisis.

Giovanni Bisignani

Airlines will spend $34 billion more for fuel this year than last, and about $1.4 billion of that will make its way to the bottom line. That will drive losses to $7.4 billion for 2005. - Giovanni Bisignani Quotes

Airlines will spend $34 billion more for fuel this year than last, and about $1.4 billion of that will make its way to the bottom line. That will drive losses to $7.4 billion for 2005.

Giovanni Bisignani

The target date is a must. Every year, we are printing roughly 350 million tickets. We will not print any more paper tickets by 2007. - Giovanni Bisignani Quotes

The target date is a must. Every year, we are printing roughly 350 million tickets. We will not print any more paper tickets by 2007.

Giovanni Bisignani

It's not revolutionary technology, it's not something that we have to invent, it's existing technology. - Giovanni Bisignani Quotes

It's not revolutionary technology, it's not something that we have to invent, it's existing technology.

Giovanni Bisignani

Airline ownership restrictions became national rights. Now the flags on our aircraft are so heavy they are sinking the industry. - Giovanni Bisignani Quotes

Airline ownership restrictions became national rights. Now the flags on our aircraft are so heavy they are sinking the industry.

Giovanni Bisignani

As we battle the high price of fuel, cost efficiency will continue to be a top priority not only for airlines but for every partner in the value chain including airports and air navigation service providers. - Giovanni Bisignani Quotes

As we battle the high price of fuel, cost efficiency will continue to be a top priority not only for airlines but for every partner in the value chain including airports and air navigation service providers.

Giovanni Bisignani

We will only see profitability in 2007 when we expect a return of US$6.2 billion. This is a net profit margin of 1.5%, not even enough to cover the cost of capital and nowhere near recovering the billions lost since 2001. A long and difficult agenda for change involving all partners is still ahead of us. - Giovanni Bisignani Quotes

We will only see profitability in 2007 when we expect a return of US$6.2 billion. This is a net profit margin of 1.5%, not even enough to cover the cost of capital and nowhere near recovering the billions lost since 2001. A long and difficult agenda for change involving all partners is still ahead of us.

Giovanni Bisignani

We are working on four core projects: 100 percent e-ticketing globally by the end of 2007; bar-coded boarding passes; common use of self-service check-in kiosks; and radio-frequency identification for baggage management. - Giovanni Bisignani Quotes

We are working on four core projects: 100 percent e-ticketing globally by the end of 2007; bar-coded boarding passes; common use of self-service check-in kiosks; and radio-frequency identification for baggage management.

Giovanni Bisignani

The European discussion of airline blacklists to improve airline safety is a cause for concern, ... While blacklists may be an opportunistic political response to human tragedies, they are not the solution to further improving airline safety. - Giovanni Bisignani Quotes

The European discussion of airline blacklists to improve airline safety is a cause for concern, ... While blacklists may be an opportunistic political response to human tragedies, they are not the solution to further improving airline safety.

Giovanni Bisignani

Oil is once again robbing the industry of a return to profitability, ... Each dollar added to the price of a barrel adds $US1 billion in costs to the industry. - Giovanni Bisignani Quotes

Oil is once again robbing the industry of a return to profitability, ... Each dollar added to the price of a barrel adds $US1 billion in costs to the industry.

Giovanni Bisignani

The European discussion of airline blacklists to improve airline safety is a cause for concern. While blacklists may be an opportunistic political response to human tragedies, they are not the solution to further improving airline safety. - Giovanni Bisignani Quotes

The European discussion of airline blacklists to improve airline safety is a cause for concern. While blacklists may be an opportunistic political response to human tragedies, they are not the solution to further improving airline safety.

Giovanni Bisignani

Efficiency and cost reduction are a matter of survival for airlines. Charles de Gaulle Airport is already the second most expensive airport in Europe. It should be focusing on cost decreases not increases. This short-sighted decision will have long-term effects on the competitive position of Paris as a major hub. - Giovanni Bisignani Quotes

Efficiency and cost reduction are a matter of survival for airlines. Charles de Gaulle Airport is already the second most expensive airport in Europe. It should be focusing on cost decreases not increases. This short-sighted decision will have long-term effects on the competitive position of Paris as a major hub.

Giovanni Bisignani

The approach of the French Government to air transport is from another age. There was little or no financial transparency. And a result that ignores the recommendation of an independent commission makes a total mockery of the consultation process. The government should support greater efficiency rather than shirking its regulatory responsibilities. - Giovanni Bisignani Quotes

The approach of the French Government to air transport is from another age. There was little or no financial transparency. And a result that ignores the recommendation of an independent commission makes a total mockery of the consultation process. The government should support greater efficiency rather than shirking its regulatory responsibilities.

Giovanni Bisignani

The industry is returning to a more normal growth pattern after the shocks that began in 2001. - Giovanni Bisignani Quotes

The industry is returning to a more normal growth pattern after the shocks that began in 2001.

Giovanni Bisignani

The industry will not see black ink until at least 2007. - Giovanni Bisignani Quotes

The industry will not see black ink until at least 2007.

Giovanni Bisignani

Cost reduction remains critical. All industry partners and stakeholders will have to sustain their focus on fuel efficiency and attack costs. While we have made some good progress, the road ahead is long. Far too many airport monopolies do not understand the need for efficiency and too many governments are shirking their responsibility to regulate where commercial discipline is absent. - Giovanni Bisignani Quotes

Cost reduction remains critical. All industry partners and stakeholders will have to sustain their focus on fuel efficiency and attack costs. While we have made some good progress, the road ahead is long. Far too many airport monopolies do not understand the need for efficiency and too many governments are shirking their responsibility to regulate where commercial discipline is absent.

Giovanni Bisignani

The first priority of all concerned was maintaining operations at Heathrow with 35 percent less fuel supply. - Giovanni Bisignani Quotes

The first priority of all concerned was maintaining operations at Heathrow with 35 percent less fuel supply.

Giovanni Bisignani

The fuel crisis at Heathrow is unprecedented. Today's agreement is a pragmatic solution to a very difficult, complex and unique situation. IATA will continue to closely monitor the situation. The next hurdle will be accommodating summer schedules that begin on 31 March. Simultaneously IATA will undertake to develop a global standard for handling future supply crises. - Giovanni Bisignani Quotes

The fuel crisis at Heathrow is unprecedented. Today's agreement is a pragmatic solution to a very difficult, complex and unique situation. IATA will continue to closely monitor the situation. The next hurdle will be accommodating summer schedules that begin on 31 March. Simultaneously IATA will undertake to develop a global standard for handling future supply crises.

Giovanni Bisignani

Unfortunately, there is no mechanism to eliminate existing capacity. - Giovanni Bisignani Quotes

Unfortunately, there is no mechanism to eliminate existing capacity.

Giovanni Bisignani

The growth is there, the issue is how we can make this growth into a profitable industry. The solution is increasing efficiency of airlines, increasing the load factor and handling better capacity. - Giovanni Bisignani Quotes

The growth is there, the issue is how we can make this growth into a profitable industry. The solution is increasing efficiency of airlines, increasing the load factor and handling better capacity.

Giovanni Bisignani

India was always a great market, but for the future. Now it can become an important market in the short term. - Giovanni Bisignani Quotes

India was always a great market, but for the future. Now it can become an important market in the short term.

Giovanni Bisignani

If we reach our target of 100 percent for worldwide electronic ticketing in 2007, then the airline industry could save about $3.5 billion annually. - Giovanni Bisignani Quotes

If we reach our target of 100 percent for worldwide electronic ticketing in 2007, then the airline industry could save about $3.5 billion annually.

Giovanni Bisignani

We are filling the planes-and with high load factors-but there is a lot to do before the industry's balance sheet recovers. The industry faces several risks. The rising price of oil continues to kill our profitability. The airlines are managing capacity as carefully as they are managing costs. As the record aircraft orders of last year are delivered, matching capacity to demand will become even more critical. And Avian Flu is the wild card for 2006. - Giovanni Bisignani Quotes

We are filling the planes-and with high load factors-but there is a lot to do before the industry's balance sheet recovers. The industry faces several risks. The rising price of oil continues to kill our profitability. The airlines are managing capacity as carefully as they are managing costs. As the record aircraft orders of last year are delivered, matching capacity to demand will become even more critical. And Avian Flu is the wild card for 2006.

Giovanni Bisignani

February, traditionally the slowest month for international traffic, brought both good news and solid growth. - Giovanni Bisignani Quotes

February, traditionally the slowest month for international traffic, brought both good news and solid growth.

Giovanni Bisignani

The story for January was freight which is starting to show a definite strengthening trend following the disappointing 3.2% growth of 2005. This is the first time in a year we have seen two consecutive months of freight traffic growth above 5% which points to a resurgent world economy. - Giovanni Bisignani Quotes

The story for January was freight which is starting to show a definite strengthening trend following the disappointing 3.2% growth of 2005. This is the first time in a year we have seen two consecutive months of freight traffic growth above 5% which points to a resurgent world economy.

Giovanni Bisignani

Remember, India is our greatest potential market. - Giovanni Bisignani Quotes

Remember, India is our greatest potential market.

Giovanni Bisignani

The industry cannot afford the negative impact of overcapacity. - Giovanni Bisignani Quotes

The industry cannot afford the negative impact of overcapacity.

Giovanni Bisignani

The industry is on track with 2006 growth expectations of 5-6 percent for both freight and passenger traffic. - Giovanni Bisignani Quotes

The industry is on track with 2006 growth expectations of 5-6 percent for both freight and passenger traffic.

Giovanni Bisignani

This is the first time in a year we have seen two consecutive months of freight traffic growth above 5% which points to a resurgent world economy. - Giovanni Bisignani Quotes

This is the first time in a year we have seen two consecutive months of freight traffic growth above 5% which points to a resurgent world economy.

Giovanni Bisignani

There is a new cautious optimism emerging in the industry. Improved economic prospects in Europe and Asia, combined with an improving situation in the US, will lead to reduced losses in 2006 and strengthened profitability in 2007. While the trend is positive, we are nowhere near sustainability. - Giovanni Bisignani Quotes

There is a new cautious optimism emerging in the industry. Improved economic prospects in Europe and Asia, combined with an improving situation in the US, will lead to reduced losses in 2006 and strengthened profitability in 2007. While the trend is positive, we are nowhere near sustainability.

Giovanni Bisignani

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