The world's airlines are facing an "extraordinary crisis" brought on by soaring fuel prices and slowing traffic growth that has the potential to transcend aviation and impact the global economy, IATA DG and CEO Giovanni Bisignani told the almost 900 delegates and media at the organization's 64th Annual General Meeting and World Air Transport Summit in Istanbul. While celebrating the achievement of 100% e-ticketing with a downpour of shredded paper tickets over those in attendance, he warned ...

Subscribe to Access this Entire Article

"IATA sees airlines losing up to $6.1 billion this year at current oil prices" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.