Metrics 2.0: 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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