Annual General Meeting 2004
Last year we survived the four horsemen of the apocalypse- SARS, conflict in Iraq, terrorism and the economy.
This year was meant to be the first profitable year for our industry this century.
But a fifth horseman - the price of oil - could add up to one billion dollars per month to our costs and deny us profitability yet again."
The 60th IATA Annual General Meeting was held in Singapore in June 2004.
Speech by IATA's Director General & CEO