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MAR 25, 203 (newstodate): JAT expects signific ant losses due to the ongoing war in Iraq, the company's director general-says.
-No one can foresee accurately the nature and extent of consequences. However, one thing is certain: the longer it lasts, the more painful it gets. Our current assessments are that the least damage we may sustain would not be less than $5 million. This holds if the armed conflict lasts three weeks at the longest. Adverse effects would be reflected in the price of fuel, insurance cost and decreased number of passengers, that is their movement in the region as a whole, says Predrag Vujovi�.
-Should war operations last longer and spread to other countries, then the damage we may sustain would exceed $15 million. In that case, there is bound to be a longer suspension of air traffic. This will be the first direct consequence, while the chain reaction and the damage resulting thereof in terms of overall movement of passengers to and from the region is anyones guess. These adverse effects would reflect on the movement and booking in the direction of Turkey. This is 60 percent of our charter traffic volume, Predrag Vujovi� says.
-No one can foresee accurately the nature and extent of consequences. However, one thing is certain: the longer it lasts, the more painful it gets. Our current assessments are that the least damage we may sustain would not be less than $5 million. This holds if the armed conflict lasts three weeks at the longest. Adverse effects would be reflected in the price of fuel, insurance cost and decreased number of passengers, that is their movement in the region as a whole, says Predrag Vujovi�.
-Should war operations last longer and spread to other countries, then the damage we may sustain would exceed $15 million. In that case, there is bound to be a longer suspension of air traffic. This will be the first direct consequence, while the chain reaction and the damage resulting thereof in terms of overall movement of passengers to and from the region is anyones guess. These adverse effects would reflect on the movement and booking in the direction of Turkey. This is 60 percent of our charter traffic volume, Predrag Vujovi� says.