Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50%. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4% in February. - Giovanni Bisignani Quotes
Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50%. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4% in February. Giovanni Bisignani
 

More - Giovanni Bisignani Quotes

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

The challenges facing the industry are enormous.

Giovanni Bisignani

 Challenges
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

 Airports
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 loss—on 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 priority—not 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 loss—on 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 priority—not only for airlines but for every partner in the value chain including airports and air navigation service providers.

Giovanni Bisignani

 Growth
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

 Engineering
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

 Airlines
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