Below are highlights from the International Air Transport Association's (IATA) meeting which ends on Tuesday. The group represents 230 airlines accounting for 93 percent of scheduled international air traffic.
GIOVANNI BISIGNANI, CEO, IATA
"How long must we travel the desert of global recession? There is no modern precedent for today's economic meltdown. This may be the bottom, but recovery is different. I am a realist. I don't see facts to support optimism."
JOHN LEAHY, SALES CHIEF, AIRBUS (EAD.PA)
"This is a tough year for orders."
"It (United Airlines plane order) is indicative of the fact that the market is starting to turn. We're starting to see more activity. We are in negotiations with various airlines about new orders."
"There will at least be a few announcements, but I can absolutely assure you it will be nothing like the 400 orders we had at last year's (Paris) Air Show."
"Cancellations are not as much of an issue as deferrals. I don't think we'll have that many more cancellations."
STEVEN UDVAR-HAZY, CEO, INTERNATIONAL LEASE FINANCE CORP (ON REPORTS THE PLANE LEASING FIRM MAY CANCEL OR DELAY AIRBUS ORDERS)
"We are Airbus' largest customer, it's up to Airbus to cook up something. This is not the tme for Airbus to have cancellations."
TONY TYLER, CHIEF EXECUTIVE, CATHAY PACIFIC AIRWAYS (0293.HK)
"Trading conditions remain very difficult."
WILLIE WALSH, CHIEF EXECUTIVE, BRITISH AIRWAYS (BAY.L)
"It's a very difficult environment for all airlines."
"Every airline is facing up with great honesty (to the conditions)."
LAMBERTO DINI, FOREIGN RELATIONS COMMITTEE PRESIDENT, ITALIAN SENATE
"Careful people will not invest in the airline business."
"The trend for the airline business has been negative."
"We cannot expect a recovery in travel."
ALAN JOYCE, CHIEF EXECUTIVE, QANTAS AIRWAYS (QAN.AX)
"All we need is a plague of locusts to complete the scenario (of the airline industry's crisis)."
DAVID BARGER, CHIEF EXECUTIVE, JETBLUE AIRWAYS CORP (JBLU.O)
"Oil is going to determine the winners and losers."
"Stick to your knitting because it's very important for your long-term success."
ROB FYFE, CHIEF EXECUTIVE, AIR NEW ZEALAND (AIR.NZ)
"I don't think the risk is with us in the same way (on fuel price volatility)."
CHRISTOPH FRANZ, CHIEF EXECUTIVE, SWISS
"The hedging policy is really buying time. The only thing we should avoid is trying to speculate on oil prices."
JAMES HOGAN, CHIEF EXECUTIVE, ETIHAD AIRWAYS
"(Breaking even in 2010) is a risk at the moment."
"We're technically on a month-by-month (monitoring)."
"Summer (travel) will be the key to our success."
BJORN NAF, CHIEF EXECUTIVE, GULF AIR
On competition in the Middle East, "there's a lot of cake and I think it's big enough for all of us."
BRIAN PEARCE, CHIEF ECONOMIST, IATA
"On passengers it's really not clear we've come to the end of the downturn yet."
"This collapse in revenue (for global airlines) is unprecedented."
Source : Reuters
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