Outlook for Air Transport to the Year 2015 - FILT CGIL Foggia

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Chapter 4. Airline Financial Trends 29(Prel.)Source: ICAO Reporting Form EF-1.Note: Excluding domestic operations of airlines registered in the USSR prior to 1992 andthe Russian Federation from 1992-1996.Figure 4-3. Passenger and freight yields of scheduled airlines — World (1960–2002)(U.S. cents in real terms)Figure 4-4. Unit operating costs of scheduled airlines — World (1992–2002)(U.S. cents per ATK in real terms)
30 Outlook for Air Transport to the Year 2015airlines and some 24 per cent of revenues and 22 per cent of expenses to airlines of Asia/Pacific, with theremaining 9 per cent and 10 per cent of revenues and expenses, respectively, divided among those of Africa, theMiddle East and Latin America/Caribbean. Compared to 1992, the 2002 shares of operating revenues andexpenses of the airlines of Asia/Pacific represented a gain of some 2 percentage points of the world total, whilethose of the North American carriers declined by about 1 percentage point in revenues and remained almostunchanged in expenses. The shares of the airlines of the remaining regions declined marginally.OUTLOOK10. Over the forecast period 2002–2015, the airline industry is likely to face substantial inflationary pressureon operating costs, particularly in the areas of labour and capital. The prospects for airline yields are closelyrelated to cost developments and market conditions in the airline industry. Cost items under particular scrutiny atpresent are fuel and oil; labour; ticketing, sales and promotion (notably in connection with product distribution);and general/administrative expenses. Productivity improvements in the airline industry should continue toproduce some cost savings. However, the magnitude of improvements in cost efficiency resulting from fleetdevelopments is likely to be significantly less than in the past due to the high capital cost of new aircraft and theincrease in the cost of financing.Figure 4-5. Share of fuel and oil in operating expenses ofscheduled airlines — World (1992–2002)
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Outlook for Air Transport to the Year 2015 - FILT CGIL Foggia

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