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global aviation industry, swine flu, IATA, Gulf Airlines, Air Arabia

ImageThe global aviation industry continues to face challenges with the outbreak of swine flu increasing its difficulties.   However, the International Air Transport Association (IATA) said most Gulf Airlines are still experiencing solid traffic, despite rising oil prices and a potential $9 billion loss this year. 

Air Arabia chief executive explained the current economic crisis is difficult to assess and ambiguous.  Adel Ali said “We still do not know if the crisis is over or still to continue due to lack of proper data and information.  As a result, travel has taken the biggest hit.”
On Saturday, Air Arabia announced it net profits in the first half of the year increased 21% to Dh193 million with Dh922 million revenues, although second quarter revenues grew only 10%. 
 

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