Air Transport World

Asia, overcapacity worry IATA

                  IATA airlines financial results                      1993-1998 ($ in billions)                                                 Forecast                    1993  1994  1995  1996  1997     1998  Total revenues   107.7 115.4 128.8 137.6 145.8    151.5  Interest charges   3.7   3.5   3.7   3.0   3.2      3.2  Net result       (4.1)   1.6   5.2   5.1   5.0      3.9  SOURCE: IATA      

DG Pierre Jeanniot foresees a bumpy flight path as airline leaders meet in Montreal

GENEVA-Airline chief financial officers in Montreal for the 54th annual general meeting of IATA this month can expect a severe ear-bending from the director general, Pierre Jeanniot. "Price wars-unfortunately-are part of our natures. Excessive dilution can sink all the participants. CFOs should continue to be the sobering influence, which this industry badly requires," he will tell them.

Jeanniot's urging will come against the background of forecasts for this year of a net profit for member airlines' scheduled operations of $3. …

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