Airlines ride non-fuel cost efficiencies22 August 2006
The airline industry across the world is making progress in delivering non-fuel cost efficiencies, International Air Transport Association (IATA) airline business confidence index for June has stated.
This is despite the confidence in airline business shrinking considerably since March this year in the wake of 25% increase in the fuel prices over the period.
Amidst soaring prices, nearly 45% of the players have managed to reduce total input costs over the past three months and nearly 60% expect to witness no change or lower total input costs over the next year.
source: Financial Express