Monday, February 2, 2009

Global Airtransport Industry loss around 2.5 Billion U.S. Dollar

International Air Transport Association

The International Air Transport Association, or IATA estimates members of the airline industry are losses around 5 billion U.S. dollars in the year 2008. As for the year 2009 estimated loss of 2.5 billion U.S. dollars.
Currently, IATA has 230 airline from 120 countries and has a total market share 93 percent, both from the flight with schedule or not schedule in the world. "Keep fasten seat belt and be ready to the flaming," the warning Giovanni Bisignani IATA Director General in Geneva, Switzerland, Friday (30/01/2009).

Losses in 2009 is calculated based on the price of fuel 60 U.S. dollars per barrel. IATA also estimate the number of passengers decreased by 3 percent and cargo traffic fell down 5 percent. Industry revenue is estimated to decrease 35 billion U.S. dollars from 536 billion U.S. dollars into 501 billion U.S. dollars in 2009.

The second largest airline of Japan, All Nippon Airways (ANA), also announced the first loss in six years. The causes, business travel to the U.S. and Europe had fallen dramatically in line with the global crisis. ANA estimated 9 billion yen loss, or 100 million U.S. dollars. Last year, net profit ANA reach 64.1 billion yen.

Malaysia Airlines also cut the fuel surcharge for international flight routes to 73 percent. This action is intended to encompass passengers. Elimination will reduce the cost of a ticket to China to 100 U.S. dollars. Flights to and from Australia and New Zealand experienced a decrease in the cost of an additional 210 U.S. dollars, the flight to the Middle East is cheaper to 150 U.S. dollars. Malaysia Commercial Director Rashid Khan said fuel costs remain the biggest and the additional cost of fuel is only about 30 percent cover the cost of fuel.

Russian airline, S7, states to cancel orders of 15 Boeing 787 Dreamliner aircraft worth 2.4 billion U.S. dollars. Cancellation was due to impact of global crisis. S7 says still interested in the 787 Dreamliner, Boeing aircraft rivals Airbus A350, and to assess to hire.

Image via Wikipedia