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Switzerland: 2010 will be another difficult year for the airline industry, IATA forecast

04/01/2010 13:37

"The airlines are the only Latin American in 2009 with earnings close Switzerland.


After a difficult 2009, the airlines continue to face deficits in 2010 despite increased traffic, warned this month of December the IATA expects higher oil prices and stagnant income with losses of 5,600 billion at global (more than 3.849 million euros), after the 11,000 million dollars (about 7560 million) planned for 2009.


"The worst was behind us," he told a press conference in mid-month, the director general of the International Air Transport Association (IATA), Giovanni Bisignani, estimating that the revenues of the airlines in 2010 would increase 4.9% compared with 2009 to 478,000 million. This figure is anyway below the 535,000 million in 2008, added the head of the IATA, which represents some 230 airlines, 93% of international air traffic.


He noted that while the earnings over the year to help airlines survive through the season, "there is no recovery in sight for 2010, the hard times will continue."


With the economic crisis, air traffic fell 4.1% for passengers and 13% for goods in 2009. With the relaunch, traffic should rise from that fall, by 4.5% for individuals and 7% for freight in 2010. "The number of passengers will be placed again at peak levels of 2007, but with 30,000 million less in revenue," Bisignani warned.


"Demand will probably continue to improve and airlines should reduce unit costs (excluding fuel) by 1.3%," he said, but warned that price will continue to rise and yields will be a continuing disaster " .


"The price of kerosene and unit revenues, ie the money collected per passenger or cargo carried, are still a disaster," said Bisignani. For 2010, IATA bet at a price of $ 75 a barrel, up about 2009, for the one who put an average of $ 61.8.


The fall in revenue was due to an excess of aircraft on the market on demand and reduced business travel budgets, which are more lucrative fares. During the recession, many employers began to travel in economy class.


2000-2009: "decade horribilis"

According to IATA, from 2000 to 2009, the airlines lost U.S. $ 49,100 million, which means an average of 5,000 million per year.

"We are running an 'annus horribilis' to close a decade of challenges for aviation that we call' decade horribilis," Bisignani reiterated at the press conference.


Latin America better numbers at 2009-12-24

On the results of the various regions, IATA noted that Latin America only close 2009 and 2010 in the black with earnings of $ 100 million. "It is expected that Latin American operators to close each of the two years with a gain of about $ 100 million, mainly due to relatively strong economies in South America, and the efficiency gained through structures of regional airlines," the owner IATA.


The European market is expected to lose 2,500 million in 2010. The slow recovery of economies has led some to be the region that generated the greatest losses, the agency estimated.


U.S. airlines will see losses of 2,000 million dollars next year.

Meanwhile, Asia-Pacific continues to be affected by the crisis and it is expected that the airline industry losses reach U.S. $ 3,400 million despite having been driven by the recovery of economies such as China.


Source: CaribbeanNewsDigital





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