China’s airlines are eagerly anticipating a “golden age” over the next five years, but serious structural issues must be addressed.
Fifteen billion dollars! This is the sharplyupgraded estimate IATA made in mid-December for 2010 global airline industry earnings. Why? “The power of China is driving this forward,” outgoing IATA DG and CEO Giovanni Bisignani asserted, noting that half of last year’s profit came from Asia/Pacific airlines benefiting from the resurgence of China after its brief slowdown. China’s airlines are the direct beneficiaries and they are regaining cruising altitude ...
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