IATA warns global carriers on cost, revenues

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The International Air Transport Association (IATA) has cautioned airlines that to keep their operations afloat, there is the need to align their operating costs in line with their revenues. Alexander de Juniac, chief executive officer (CEO) of the global airlines’ regulator, said without working on that formula there will be disruptions in air transport value chain. Speaking in an online interview, Juniac said careful management of costs will likely not see costs fall in proportion to reductions in flying. De Juniac said: “Doing that is a difficult balancing act because…

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