BusinessCompany NewsDeloitte puts airline fraud at ?300m

Deloitte puts airline fraud at ?300m

New survey shows 79% of airlines have experienced fraud in the last 12 months

A new global survey by Deloitte and
IAAIA (International Association of
Airline Internal Auditors) has found that
airline fraud is costing
the industry over $600m (?300m) a year.

The survey revealed that fraud has increased five-fold since the last
in-depth study of the industry six years ago. 79% of airlines participating in
the survey have experienced fraud in the last 12 months.

Deloitte found the average airline loses ?1.5m every year to fraud, with low
cost carriers being the hardest hit. The average number of fraud cases for the
low cost carriers was over 1,000 a year, compared with around 300 for the
network carriers.

Further reading:

Government faces lawsuits over air tax hike

E&Y slams air passenger tax increase

Ryanair CEO wants end to airline tax hikes

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