Dearly beloved,
The nice people at OAG and USA Today have put together a map that shows the impact of the currently scheduled flight cancellations YoY 2008/2007. It makes sobering viewing. However to some extent it is actually masking the impact of the cutbacks in that it only demonstrates FLIGHTS not passenger capacity. So with the downshift to smaller aircraft and the parking of some larger ones we should see a few more points of reduction. Further the full schedule cutbacks have not yet been published. It is estimated that LAX for example will see greater than 20% cutbacks.
Have the airlines cut back too far and is this necessarily saving them money and raising the yield potential. I am unconvinced.
Cheers
Timothy
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