BEIJING, September 2 Xinhua International Air Transport Association (IT (0.81, -0.01, -1.22%) A) said that the survey show that the global aviation industry in the first half of this year a net loss more than six billion U.S. dollars.
According to "Central News Agency" reports, IATA said in a statement, the airline also made use of the stock market rebound this wave of strong fund-raising 15 billion U.S. dollars, to serve compensate for reduced operating cash flow.
IATA is a global organization of approximately 230 airlines, representing 93% of carrying capacity. The Association in June this year, forecast full-year loss of the global aviation industry will reach 9 billion U.S. dollars, this forecast will be updated on September 15. The survey released by the number of samples more than 50 airlines.
The loss of the first half of the number "means IATA forecasts a loss for the second half too low," London aerospace analyst at Evolution Securities Cunningham (Nick Cunningham) said. "When times were good, the winter will be a slight profit. This year the situation will be quite severe."
IATA pointed out that, due to excess low fare flight, passenger and cargo traffic improvements at the expense of the average unit price for the price. Average fares are a major factor in airline profitability. If the fare is low, even if full, may still be a loss.
