Oh, The Pain... | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-12.08.25

AirborneNextGen-
12.09.25

Airborne-Unlimited-12.10.25

Airborne-AffordableFlyers-12.11.25

AirborneUnlimited-12.05.25

AFE 2025 LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Wed, Sep 29, 2004

Oh, The Pain...

Airlines To Lose $4 Billion In '04

The rising cost of oil is outpacing the rising number of passengers in the air -- and that's bad news for the airline industry. The IATA now says airlines worldwide will lose another $4 billion this year.

"This will create tension in the industry, because after $30 billion (in losses), another year with a loss between $3 billion and $4 billion is very, very dramatic," IATA Director General and Chief Executive Giovanni Bisignani was quoted by Reuters as saying.

It's a heartbreaking turn for Bisignani, who, as recently as July, predicted the industry would break even or perhaps post a slight profit.

But oil, which traded at more than $50/bbl on Tuesday, has cost carriers $10 billion more than expected this year alone. Worse, carriers seem unable to agree on passing along the extra cost of fuel to their customers. Just last week, the world's biggest airline, American, started charging passengers a $5 surcharge for fuel. But other airlines -- most notably low-cost carriers like Southwest and JetBlue -- have so far refused to go along.

FMI: www.iata.org

Advertisement

More News

Aero-News: Quote of the Day (12.09.25)

“We respectfully call on the City of Mesa to: 1. Withdraw the landing fee proposal immediately 2. Engage with the aviation community before making decisions that impact safet>[...]

ANN's Daily Aero-Term (12.09.25): High Speed Taxiway

High Speed Taxiway A long radius taxiway designed and provided with lighting or marking to define the path of aircraft, traveling at high speed (up to 60 knots), from the runway ce>[...]

ANN's Daily Aero-Linx (12.09.25)

Aero Linx: International Federation of Airworthiness (IFA) IFA uniquely combines together all those with responsibility for policies, principles and practices concerned with the co>[...]

NTSB Final Report: Diamond Aircraft Ind Inc DA20C1 (A1); Robinson Helicopter R44

Controller’s Expectation That VW02 Would Have Departed Sooner Led To An Inadequate Scan And Loss Of Situational Awareness Analysis: A Robinson R-44 helicopter N744AF, VW02 (V>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN! 1) I forgot my password. How do I find it? 1) Easy... click here and give us your e-mail address--we'll send it to you >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 10.03.25: Phantom 3500 Buy, ‘Chinese Military Company’, NOTAM Redesign

Airborne Affordable Flyers 10.02.25: MOSAIC Start Date, AFE25 Tickets, ePulitzer

Airborne 10.01.25: New Gulfstream G300, Affordable Flying Expo Tkts, Starship 11

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC