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World's airlines say they face $2.3bn loss this year as oil price stays high
Summary from multiple countries, from articles in English
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Record fuel costs are forecast to push the global airline industry back into loss in 2008 just a year after carriers returned collectively to a net profit for the first time since 2000. (article 6)
Mr Bisignani said 24 airlines had gone bankrupt in the past six months and the sector faced $99bn of extra fuel costs in the year ahead. (article 6)
The International Air Transport Association (IATA), which represents airlines, also said that if oil prices stayed at $135 a barrel, the losses could worsen to more than $6 billion. (article 5)
More than 1,000 executives and officials from the global airline industry, gathered for the annual meeting of the International Air Transport Association, the sector's biggest get-together of the year, were in agreement that the outlook was bleak. (article 7)
GENEVA The airline industry will lose $2.3 billion this year because of hikes in oil prices, the world airlines group said Monday, revising its earlier forecast of a collective industry profit. (article 4)
Now the question for those and other U.S. airlines is how to get by and make money with oil prices near $130 a barrel. (article 9)
Service levels at Heathrow Airport are "a national embarrassment", Giovanni Bisignani, head of International Air Transport Association (Iata) has said. (article 1)
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Other summaries about this story:
Event tracking:
Story keywords
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airlines, Bisignani, IATA, industry, barrel |
Source articles
- Aviation boss criticises Heathrow (BBC News, 06/02/2008, 352 words)
- Airline industry 'worst regulator award' goes to Heathrow watchdog (ft.com, 06/03/2008, 381 words)
- Group expects airline industry to lose $2.3B in 2008 (dallasnews.com, 06/02/2008, 548 words)
- Report: Airline industry will lose $2.3 billion this year :: CHICAGO SUN-TIMES :: Nation (suntimes.com, 06/02/2008, 328 words)
- World's airlines say they face $2.3bn loss this year as oil price stays high (business.timesonline.co.uk, 06/03/2008, 650 words)
- Soaring fuel costs to force airlines into $2.3bn loss, predicts air body (ft.com, 06/03/2008, 406 words)
- Air industry angst driven by oil and regulation (ft.com, 06/03/2008, 600 words)
- Transport Sector News and Views (business.timesonline.co.uk, 06/03/2008, 372 words)
- United-US Airways consolidation effort called off (Washington Post, 06/02/2008, 444 words)
- American Airlines to charge for 1st checked bag, b... (suntimes.com, 06/02/2008, 209 words)
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blaster@cs.columbia.edu
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