Excluding volatile fuel costs, sales should grow 1% to 2%, the company said.
He said these include high and volatile fuel prices, increased protectionist measures and the vulnerability of global financial markets.
Rising and volatile fuel prices contribute to the demand for more fuel-efficient airplanes.
That, in turn, means more flexibility to control energy costs and reduced exposure to volatile fossil fuel prices.
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Large companies need ways to limit their exposure to volatile fossil fuel prices, which affect the price of electricity.
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Also, Monday's data showed core inflation -- a closely tracked measure that strips out volatile food and fuel items -- eased to 3.48% from 3.78%.
Core inflation - which strips out volatile food and fuel prices and is closely watched by the Bank - fell from 3.3% to 2.8%, its lowest level since November.
With fuel prices volatile and the economy chugging along at a steady but unspectacular pace, investments in new aircraft and updated facilities will be difficult without taking on new debt.
Core consumer price inflation, which excludes the volatile categories of food and fuel, has accelerated, to 2.6% at an annual rate in the three months to February.
Unfortunately, I expect fuel prices to continue to rise (and become much more volatile), but WM is taking steps to address this, by making their fleet more efficient and by using some of their own biogas as fuel.
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The fuel economy and biofuel boosts are designed to weaken the country's exposure to volatile oil prices.
In a modern jet airliner there are really just two ways to increase fuel economy, the most critical selling point in an era of tiny margins and volatile costs for carriers.
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