AMERICAS: US airline revenues drop 19% in Feb
The revenues of US-based airlines plummeted in February for the fourth straight month as the recession continues to depress demand, according to a report from the Air Transport Association of America (ATA) representing 90 per centof major US carriers. Cargo traffic fell 21 per cent year-onyear in January, the latest data available, the ATA said. […]
April 1, 2009
Cargo traffic fell 21 per cent year-onyear in January, the latest data available, the ATA said.
This follows year-over-year declines of 17 per cent in both November and December of 2008 while passenger numbers fell 12 per cent.
Ã¢â‚¬Å“The sharp decline in spending by passengers and shippers demonstrates how the global recession is taking an increasing toll on the travelling public, as well as on time-sensitive cargo shipments,Ã¢â‚¬Â ATA chief economist John Heimlich said in a statement. Ã¢â‚¬Å“The worldwide slowdown is forcing further capacity reductions, despite themeaningful drop in fuel prices.Ã¢â‚¬Â