IATA has more bad news – the recession bites deeper and broader into global air transport.
IATA’s latest worldwide traffic numbers are not providing any comfort to beleaguered airline managers.
The latest numbers we are seeing from several key industry indicators are increasingly depressing. The factors affecting traffic are beginning to bite.
Witness the following:
US Airport traffic continues to slow. The extra day of February this leap year masks a flat traffic month.
Load factors are falling across the board.
Yields are significantly off
Deals – especially across the Atlantic abound even for the summer.
Premium traffic that has held up well is now declining.
The airlines are not going to be able to retire large fleets of inefficient jets because the ones that need to go are the ones that they need!
This is going to be a bumpy ride. Sorry but I am now a bear….
Cheers
Timothy
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