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-09.15.25

AirborneNextGen-
09.09.25

Airborne-Unlimited-09.10.25

Airborne-AffordableFlyers-09.11.25

AirborneUnlimited-09.12.25

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

ANN's Daily Aero-Term (09.13.25): Center Weather Advisory

Center Weather Advisory An unscheduled weather advisory issued by Center Weather Service Unit meteorologists for ATC use to alert pilots of existing or anticipated adverse weather >[...]

Aero-News: Quote of the Day (09.13.25)

“HITRON embodies the Coast Guard’s spirit of innovation and adaptability. From its humble beginnings as a prototype program, it has evolved into a vital force in our co>[...]

ANN's Daily Aero-Linx (09.13.25)

Aero Linx: International Airline Medical Association (IAMA) The International Airline Medical Association (IAMA), formerly known as the Airline Medical Directors Association (AMDA)>[...]

Classic Aero-TV: Hover Camera Passport - A Gesture Controlled Selfie Drone

From 2017 (YouTube Edition): It’s So Simple to Operate, Anyone Can Do It… And We’re Not Kidding The drones were up and flying at the Consumer Electronics Show he>[...]

Airborne-NextGen 09.09.25: Textron Nixes ePlane, Joby L/D Flt, Swift Approval

Also: Space Command Moves, Alpine Eagle, Duffy Names Amit Kshatriya, Sikorsky-CAL FIRE Collab Textron eAviation is putting the development of its Nexus electric vertical takeoff an>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 09.15.25: Last Call For RV-3/4/6, Second B-21, Dubai Show Bars Israelis

Airborne 09.12.25: Bristell Cert, Jetson ONE Delivery, GAMA Sales Report

Airborne Affordable Flyers 09.11.25: MWAE25, Tests-Flt Design F2, Vashon Ranger

See All

Advertisement

Podcasts

Advertisement

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