MALAYSIA: Airline execs confidence begins to rise: IATA
Airline executives expect improved results and a rebound in cargo volumes in the coming year, a Ã¢â‚¬Å“turning pointÃ¢â‚¬Â for a sector closely linked to economic trends, a survey released by the International Air Transport Association (IATA) showed. The survey indicated that confidence had grown markedly among major carriers in Asia, Europe and the Americas. Ã¢â‚¬Å“This […]
November 1, 2009
The survey indicated that confidence had grown markedly among major carriers in Asia, Europe and the Americas.
Ã¢â‚¬Å“This does look like a turning point,Ã¢â‚¬Â IATA said of the quarterly business confidence poll.
A return to economic growth has begun to boost demand for air travel and shipments, with stable fuel prices further helping soothe nerves, the survey found.
Ã¢â‚¬Å“Over 73 per cent of airline CFOs said that profitability over the next 12 months will improve,Ã¢â‚¬Â IATA said. Ã¢â‚¬Å“Almost three quarters of respondents now expect freight volumes to rise over the next year Ã¢â‚¬“ up from just over half in the last survey.Ã¢â‚¬Â