RECESSION IS OVER FOR JET FUEL MARKET
July 1st, 2010
BY MARK ROWE
IS the recession's worst over for the jet fuel aviation industry? Passenger traffic during this late spring and summer has risen sharply compared with flights year-on-year, giving hope to an industry that Giovanni Bisignani, director general of the International Air Transport Association (IATA), described last year as "structurally sick".
IATA's 2009 forecast for 2010 predicted that the global airline industry would lose USD3.8 billion, despite a broad economic recovery. European carriers were set to generate the biggest losses of any ...
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