Ouch the US passenger reductions come early

The US numbers for August do not look healthy.

We are already seeing the first wave of passenger reductions even before the capacity cuts hit.

Here are the numbers for the 7 big boys, all of them including Southwest are down.

Delta Airlines; USA -6%

Southwest Airlines; USA -6.6%

American Airlines; USA -4.2%

Continental Airlines; USA -1.4%

United Airlines; USA -5.4%

Northwest Airlines; USA -1.7%

US Airways; USA -5.9%

Not good chaps

Cheers