Saturday, June 23, 2012

Recession continues to weaken air travel - Pacific Business News (Honolulu):

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Passenger revenue dropped 18 percent in marking the sixth straight monthly The number of passengers travelingon U.S. airlines in April fell 6.3 while the average price to fly one miledropped 12.6 April results partially reflect the shift in the Easter holidahy from March last year to April this year, ATA said. U.S. airlines also saw cargo traffic -- as measured by revenue ton milew -- dive 21 percent in March, matching the decline measured in January and Februaryy and marking the eighth consecutive monthj of decliningcargo Notably, cargo traffic in the Pacific region fell 28 percent. April 2009 cargo data is not yet available.
“The latest reportsw show the scope and depth ofthe recession’ continued toll on commercial said ATA President and CEO James C. May, in a news “The industry is seeing less demand in the as well as in the cargoholde -- clear signs of the widespread slowdowmn in global economic activity.”

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