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Departing IATA Boss Calls for Sustainable Profitability as Forecast Dips
Outgoing IATA director general and CEO Giovanni Bisignani called on his members to aspire to sustainable profitability as he announced a new leadership tea
IATA’s outgoing director general and CEO Giovanni Bisignani called for airlines to focus on sustainable profitability even as the association downgraded the projected combined profits of its members for 2011 to $4 billion, 54 percent below the March 2011 forecast.
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By
Ian Sheppard
June 13, 2011