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-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

ANN's Daily Aero-Term (12.08.25): Decision Altitude (DA)

Decision Altitude (DA) A specified altitude (mean sea level (MSL)) on an instrument approach procedure (ILS, GLS, vertically guided RNAV) at which the pilot must decide whether to >[...]

ANN's Daily Aero-Linx (12.08.25)

Aero Linx: T-34 Association, Inc. The T-34 Association was formed in July 1975 so that individuals purchasing then military surplus T-34As had an organization which would provide s>[...]

NTSB Final Report: Piper PA-31T3

As He Released The Brakes To Begin Taxiing, The Brake Pedals Went To The Floor With No Braking Action Analysis: The pilot reported that during engine start up, he applied the brake>[...]

Aero-News: Quote of the Day (12.08.25)

“Legislation like the Mental Health in Aviation Act is still imperative to hold the FAA accountable for the changes they clearly acknowledge need to be made... We cannot wait>[...]

Airborne-Flight Training 12.04.25: Ldg Fee Danger, Av Mental Health, PC-7 MKX

Also: IAE Acquires Diamond Trainers, Army Drones, FedEx Pilots Warning, DA62 MPP To Dresden Tech Uni The danger to the flight training industry and our future pilots is clear. Dona>[...]

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