The world’s airlines still in survival mode - IATA
The International Air Transport Association (IATA) reported international scheduled traffic (RPKs) rose 2.1% year-on-year in Nov-2009, while freight demand recorded a 9.5% improvement. Director General and CEO, Giovanni Bisignani, stated, “demand continues to improve, but we still have a lot of ground still to recover”. He added, “we cannot anticipate any significant improvement in yields in the coming months, so conserving cash, controlling costs and carefully matching capacity to demand remain at the keys to survival”.
