The numbers are still coming in - and they are still bad.
I wont bother re-hashing the details but we are seeing continued bad news from all sectors and all geographies.
December it seems was particularly bad in Europe and Asia. Cathy Pacific said it that its premium traffic is tanking and that Cargo - "is even worse". Surprisingly bad numbers from LHR. down nearly 3 % and a whopping 13% drop at Stansted UK base for Ryanair.
Campaigners against LHR's 3rd runway are very happy as it bolsters their claim that it isn't necessary. However with traffic set to resume growth in 2010 I think that is unlikely to happen. Some good news perhaps?
Cheers
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