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התעופה האזרחית בישראל מכון פישר למחקר אסטרטגי אויר וחלל 25נובמבר 2014 קובי זוסמן מנכ"ל IATA To represent, lead and serve the airline industry IATA at 30,000ft 243 airline members –IOSA, ISAGO etc Represents 84% of total air traffic Representation-benefits of global aviation Standard setting Industry leadership-help members simplify and improve process, while reduce cost-Safety, Security ,clearing systems. Serve-Professional support to all Industry Stakeholders Commercial matrix Industry Knowledge 2 7/21/2015 Aircraft Tracking Following the disappearance of Malaysian Airlines ,IATA announced its decision to convene an industry task force to assess the present aircraft tracking systems with the goal of delivering recommendations on ways to achieve desired coverage Aviation Crisis / Challenges -Safety -Economic -Global Events-Conflict Zones -Unruly Passengers Commercial aviation100 years ago 5 The value proposition for air travel remains strong It’s safer, it’s greener and it’s still a bargain Index (1990=100) 180 Fuel efficiency 160 140 120 100 80 Fares (2012 US$) 60 40 Fatal accidents* 20 0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 * 5-year moving average fatal accidents per passenger departure 6 3 Billion Passenger today 7 Malta Lebanon Cyprus United Arab Emirates Iceland New Zealand Thailand Singapore Hong Kong Egypt Australia Greece Ireland Canada Jordan Spain United Kingdom United States Turkey Chile Finland Sweden France Kenya Malaysia Luxembourg WORLD AVERAGE Portugal Saudi Arabia South Africa Netherlands Belgium Israel Germany Taiwan Norway Switzerland Philippines Korea Latvia Mexico Peru Austria Ecuador Italy Colombia India Denmark Brazil Hungary Russian Federation China Romania Czech Republic Japan Poland Nigeria 0.0% Aviation plays a major role in most economies Footprint of aviation and tourism measured by the sector’s GVA as % GDP 5.0% 10.0% 15.0% Aviation and tourism GVA as a % GDP 20.0% 8 Even in the good years airline returns are inadequate Below WACC returns indicate intense competition and fragile financing % invested capital, airline industry worldwide 10.0 9.0 8.0 Weighted average cost of capital (WACC)* 7.0 6.0 5.0 Return on capital** 4.0 3.0 2.0 1.0 0.0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 * Average of debt and equity costs ** After tax operating profit adjusted for leases as % invested capital 9 Net post-tax profit per passenger, 2014(f) North America 11.09 Middle East 8.98 Latin America 4.21 Europe 3.23 Asia Pacific Africa 0.00 Source: IATA 2.98 1.64 2.00 4.00 6.00 IATA Economics www.iata.org/economics 8.00 10.00 10 12.00 Lack of profitability not due to business model or region Airlines generating average EBIT margins of more than 8% during the 2000s Average EBIT margins, 2000-09 L America INDUSTRY LAN Aegean Southwest Airlines Singapore Airlines Emirates Pinnacle Airlines Aeroflot Turkish Air Arabia GOL Allegiant COPA Republic Airways Ryanair N America Mid East Asia-Pacific Europe LCC Full service long-haul Regional 0% 5% 10% 15% EBIT margin %, 2000-2009 20% 25% 11 Partner to improve the passenger experience 12 Aviation is a Collaborative Effort Thank You.