.Airline industry losses expected to hit $6-billion
Tuesday, May 31, 2005 Page B13
Global airline industry losses will widen this year to a record $6-billion (U.S.) as fuel costs surge, forcing carriers to do more to cut costs, the International Air Transport Association said.
Airline fuel costs may rise 31 per cent to $83-billion in 2005, based on an average price of $47 a barrel for Brent crude oil, IATA director-general Giovanni Bisignani told a conference yesterday in Tokyo.
Losses would be 25 per cent more than last year. The industry lost more than $36-billion between 2001 and 2004, led by U.S. carriers. The forecast was higher than Geneva-based IATA's April forecast of $5.5-billion for the airline industry, which generates $400-billion in sales and employs four million people.
Bloomberg
The Great Airline Indu$try
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The Great Airline Indu$try
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Panama Jack
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It's sick, sick industry.........but so addictive 
.Cara workers strike Montreal flight kitchen
Thursday, June 2, 2005 Page B17
Airline passengers flying from Montreal may be forced to bring their own lunches, the union representing 520 workers who make on-board meals at Cara Operations Ltd. said after a strike began yesterday.
The meals are prepared in advance but the reserves would not last more than a day, according to a spokesman from the Canadian Auto Workers. However, an official with the food company said client airlines can get food from other Cara kitchens in Canada or at airports in other countries.
The Montreal flight kitchen is the only one hit by a strike among 10 Cara kitchens across Canada, which have 3,400 employees serving 30 million passenger meals a year. The union said the company is proposing a new contract that would pay newly hired workers $2 an hour less than other workers. CP
