Global Airline Industry Losses for 2006 will be US$3 Billion

Global airline industry made tremendous progress since the 2001 crisis, improving productivity by 33%, sales and distribution costs dropped 10% and non-fuel unit costs reduced 13%, according to IATA's State of the Air Transport Industry report. Industry losses for 2006 will be US$3 billion, slightly less than the US$3.2 billion recorded for last year.

$112 Billion
Global Airline Industry fuel Bill in 2006 (IATA estimates)

  • The 2005 accident rate was the lowest ever with one accident for every 1.3 million flights.

  • On track to achieving US$6.5 billion in cost savings by simplifying industry processes

  • Met electronic ticketing (ET) 40% target for 2005 in November, now with 50% of tickets issued an ET. 

  • Contribute to only 2% of CO2 emissions, while supporting 8% of global economic activity.

  • Airlines delivered a 30% drop in consumer prices for air tickets while improving our safety record and investing in new capacity. 

Interesting airfare rants at: On FareCast: Rip Me Off No More (John Battelle)

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