11/02/12, 21:37:58 EST

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Airline companies swindled off $600 million

thenewanatolian.com

A research over 180 airline companies around the world indicates that the annual cost of fraud cases in the company or outside for aviation sector on the global scale reached $600 million.

The 2006 Aviation Fraud Research, carried out by Deloitte company with International Airline Internal Inspectors Union, is released.
The research over around 180 airway companies around the world said that the annual cost of fraud cases within or outside the companies for the sector on the global scale reached $600 million, increasing by five fold compared to the year 2000, when the last research was carried out.
Indicating that at least one fraud case took place in the last year in 79 percent of the participating airway companies, the research argued that airway companies lose $3 million on average annually because of fraud cases.
The study also said that the heaviest blow regarding fraud is on economic airway companies.
Listing the most common fraud cases as “the usage of fake or stolen tickets, cargo theft, fake lost baggage notifications, abuse of flight miles and uncovered check,” the study said that the companies experience the highest loss because of credit card frauds.
The research showed that credit card frauds cause $100 million loss for airway companies annually.
Indicating that the most common fraud type as flight mile abuse, the study showed that there is an increase in the number of airway company personnel who transfer flight miles to the accounts of their relatives and friends.

 Printable Version  | published May 23, 2007