One way to improve the airline industry’s perceived environmental impact is for carriers to shout louder. Ironically, the International Air Transport Association (IATA) calls for operators to make more noise comes as airlines claim to have reduced sound levels by 75 percent in the past 40 years.
After five years of hard work and great change, airlines expect a projected profit in 2007, according to the International Air Transport Association (IATA). Carriers nearly broke even in 2006 and expect to make $5 billion this year, said director-general Giovanni Bisignani.
The partnership established last year between Garuda Indonesia and Germany’s Lufthansa Systems reached its first milestone earlier this month with the implementation of 0e-ticketing for the Jakarta-based carrier.
There is something wrong with the airline industry, according to Giovanni Bisignani, the director-general of the International Air Transport Association (IATA). At the Asia/Pacific summit here in Singapore this week, Bisignani reported that airlines ordered a record number of new aircraft last year while collectively losing $6 billion nett (and U.S. operators $10 billion), out of an overall $42 billion global loss since 2001.
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