The devil is in the detail it is said. A recent press release from IATA as it deepens co-operation with
Impressive and growing numbers for sure. But are carriers making money out of all this activity? IATA's press release noted in brackets: "Industry lost
Clang, sorry you just did. The first half has been a tough period with rising fuel costs, new competition, price regulation in the domestic market and overcapacity all hampering the ability of carriers to make money. The recent Airline Business World Airline Ranking in the August issue showed the big three - Air China, China Eastern and China Southern - collectively did actually made a $11.4 million net profit in 2005. However, Air
IATA has long been an admirer of
IATA adds that all Chinese carriers are committed to making the end of 2007 deadline for the IATA Operational Safety Audit (IOSA). Seven carriers have already been put on the IOSA registry.
This is all good work. However, a renewed focus on the bottom line must certainly be on the agenda in the boardrooms of Chinese carriers.