Is LATAM The Only Bright Spot in Traffic?

Most traffic numbers are now in for February. Almost across the board traffic is just off. In many markets it has been over 20%. Asia seems to have been especially hard hit. While the US and European markets are affected - it is hard to find any good news out there.

However I will hold up LATAM as a good example - at least for passenger traffic. While freight traffic is still in the dumps (off >20%) passenger traffic for the first 2 months are still slightly ahead. And this is with the extra day from last year.

The only other bright spot seems to be the GCC markets.

Ouch