IATA 2005 loss forecast rises to $7.4 billion

Steep oil price increases will push the world's airline industry deeper into the red in 2005 than previously forecast, IATA DG and CEO Giovanni Bisignani said yesterday in Washington. With the full-year price for Brent crude expected to come in at around $57 per barrel, losses will rise to $7.4...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.