In his keynote address at the European Civil Aviation Conference in Vienna, IATA CEO, Tony Tyler stated the benefits of connectivity could only be fully realised if airlines are strong.
He went on to note that Europe’s airlines are financially the weakest among the world’s major regions, expected to record a net profit margin of just $3.23 per passenger as compared with $11.09 for North American airlines.
“The region’s airlines are over-taxed and onerously regulated. Moreover, they suffer from a chronically mismanaged air traffic management system, insufficient airport capacity and infrastructure costs that are simply too expensive. It’s time to do something about it,” he said.
The CEO called for strong support of the Single European Sky (SES) as it will “reduce delays, cut emissions, raise safety levels and contribute to the creation of 320,000 jobs across Europe.
“It is critical for Europe’s future but progress has been frustratingly slow and the costs are enormous.
“The leadership of individual states is needed to turn Europe’s air navigation service monopolies into customer-focused and cost-effective members of the air transport value chain,” Tyler said.