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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1433 |
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British Airways was quoted by Reuters on 10 August 2005 as stating that the short term impacts of the London attacks were not materially significant; although Ryanair reported a drop in passenger traffic numbers as a result of the same events (Airwise News 2005).
Economic Environment
-Recession and high oil prices (and terrorism) are the most quoted reasons for the problems
facing the airline industry...
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British Airways announced that it would increase fuel surcharges on all tickets issued on or after 03 June 2008 (Airwise News 2008 a).
-The Association of European Airlines (AEA) stated on 03 June 2008 that struggling European airlines might ground unused aircraft next winter (Airwise News 2008 b).
-On 02 June 2008 at an annual general meeting in Istanbul, the Director General of the International Air Transport Association (IATA) stated that “a significant decline in global airline profitability , or even losses, look inevitable in 2008 as the industry struggles with sky-high fuel prices...
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