Airline industry could rise again | Fin24
 
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Airline industry could rise again

Jun 17 2012 10:20
Ingé Lamprecht

Tony Tyler, chief executive of the International Air Traffic Association, said at the association’s annual general meeting last week that the lower oil price, stronger than expected passenger traffic and the fact that cargo traffic had reached a turnaround point, were all positive for the industry’s profit outlook.

Zweigenthal is optimistic about growth prospects, although the recovery will take longer than the industry would wish.

He reckons airlines will not soon experience the growth they saw in the mid-2000s, and subdued growth in passenger levels is in store for the industry.


iata  |  oil  |  airlines
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