Giovanni Bisignani, former CEO of IATA, says productivity and fuel-efficiency improvements have greatly helped the airline industry. Fuel efficiency throughout the industry has improved 20%, he says. Bisignani says that 10 years ago he could break even with oil at $30 a gallon, and now the industry can break even with oil at $110 per gallon. Electronic ticketing has also helped airlines boost profitability, he says.
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