Cockpit4u Aviation Service is certified by the German CAA (Luftfahrt-Bundesamt) to conduct English Proficiency Tests in accordance with the ICAO standards...
Global Aviation Returns to Profitability
The International Air Transport Association (IATA) expects airlines to post a global profit of $2.5 billion in 2010.
The International Air Transport Association (IATA) expects airlines to post a global profit of $2.5 billion in 2010. This is a major improvement compared with IATA’s previous forecast released in March of a $2.8 billion loss. Industry revenues are forecast to be $545 billion in 2010. This is up from the $483 billion in 2009, but still below the $564 billion achieved in 2008. “The global economy is recovering from the depths of the financial crisis much more quickly than could have been anticipated. Airlines are benefiting from a strong traffic rebound that is pushing the industry into the black. We thought that it would take at least three years to recover the $81 billion (14.3%) drop in revenues in 2009. But the $62 billion top line improvement this year puts us about 75% on the way to pre-crisis levels,” said Giovanni Bisignani, IATA’s Director General and CEO.