FULL CREDIT TO IATA
Tucked away in exclusive Geneva in neutral Switzerland, IATA used to operate exactly like a Swiss bank. It appeared to wield huge power over the airline industry by being a faceless almost clandestine organization. All its executives were chauffeured around in limousines and they flew first class around the world staying in the “poshest” of [...]
IATA 2009 STATS TELL A SORRY TALE
Demand is falling faster than the airlines park up planes to reduce capacity and the consensus is the bottom has not been reached. It is projected collectively that the 226 member airlines will lose $9 billion this year on $448 billion. The IATA conference now taking place in Kuala Lumpur apparently has more journalists attending [...]
IATA STATS TELL A SORRY TALE
Until Bush/Obama started talking $trillions in bail out money a $billion sounded a hefty sum of money. It was only three or fours years ago that Exxon Mobil, the world’s largest company, earned a colossal $40 billion in one year and the world was aghast. When IATA announced this week that the airlines would collectively lose a shade under $5 billion in 2009, it hardly raised an eyebrow.
Interview with Flying Typers
I met up with them at the 2009 IATA World Symposium. addthis_url = ‘http%3A%2F%2Fthekeeling.com%2Farchives%2F338′; addthis_title = ‘Interview+with+Flying+Typers’; addthis_pub = ”;
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