And according to the International Air Transport Association, an airline trade organization, there were 2.84 billion commercial passengers last year, which would roughly mean your average odds of dying on a commercial flight were roughly one in 7.6 million in 2011.

BBC: What is the safest mode of travel?

But the international air transport association, IATA, has warned that global airline profits will halve this year because of rising oil prices.

BBC: BA raises long-haul fuel surcharges

Airline stocks were reeling Monday, following a report from the International Air Transport Association reporting August passenger traffic slowed and offering a grim near-term forecast.

FORBES: Bears Raid Market: Stocks Skewered On Greek Worries

According to the IATA (International Air Transport Association) 2013 is expected to be another profitless year for the European airline industry.

CNN: Europe's airline industry on 'knife edge,' says IATA boss

Newly appointed chairman Lee Yun-ling left China Airlines after 24 years to head domestic airline Far East Transport, which is 25%-owned by the American International Group.

CNN: How to Repair a Carrier

On April 9th, the International Air Transport Association said that the SARS outbreak could have a significantly worse impact on the airline industry than the war in Iraq.

ECONOMIST: Getting better, or worse? | The