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-12.01.25

AirborneNextGen-
12.02.25

Airborne-Unlimited-12.03.25

Airborne-FltTraining-12.04.25

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

Classic Aero-TV: VerdeGo Debuts VH-3 Hybrid-Electric Powerplant

From 2023 (YouTube Edition): New Propulsion Scheme Optimized for AAM Applications Founded in 2017 by Eric Bartsch, Pat Anderson, and Erik Lindbergh (grandson of famed aviation pion>[...]

NTSB Prelim: Grumman American Avn. Corp. AA-5B

During The Initial Climb, The Engine Began To Operate Abnormally And, After About Three Seconds, Experienced A Total Loss Of Power On October 29, 2025, about 1820 Pacific daylight >[...]

ANN's Daily Aero-Linx (12.02.25)

Aero Linx: Women in Aviation International Women in Aviation International is the largest nonprofit organization that envisions a world where the sky is open to all, and where avia>[...]

Aero-News: Quote of the Day (12.02.25)

“We’ve paid for the cable line’s repair for the customer and have apologized for the inconvenience this caused them...” Source: Some followup info from an A>[...]

Aero-News: Quote of the Day (12.03.25)

“We have long warned about the devastating effects of pairing optimization. Multiple times over many months, we highlighted how schedule manipulation, unbalanced schedules, a>[...]

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