Monday, June 11, 2012

European Airlines losses forecast to double, deteriorating business environment cited

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6/11/12, "Iata almost doubles loss forecast for European airlines," BBC

"The International Air Transport Association (Iata) has almost doubled its forecast for losses at European airlines to $1.1bn (£706m) for 2012.

It said that the rapidly deteriorating business environment in the region was hurting growth.

The association had previously forecast a loss of $600m.

Iata also warned that the eurozone debt crisis could escalate further and have an adverse impact on the airline industry.

"With little clarity on how European governments will manage the situation beyond providing further liquidity, the risk of a major downward shift in economic prospects is very real," said Tony Tyler, director general of Iata.

"The next months are critical and the implications are big," he added.

In its latest projection, Iata added that European carriers were also being hurt by "high and rising tax regimes, inefficiencies in air traffic management, and the high cost of complying with poorly thought-out regulations"."...

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2/14/12, "UN body at centre of Emissions Trading Scheme storm," BBC

"As the salvos come fast and furious between those in the aviation industry for and against the European Union's Emissions Trading Scheme (ETS), Roberto Kobeh Gonzalez has become the man caught in the crossfire.

He is president of a UN agency, the International Civil Aviation Organisation (ICAO). In 2010 it was given a mandate to find a global solution for the aviation industry to reduce its carbon dioxide emissions without hurting growth in the sector."...

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