AMERICAS: ATA reports ongoing declines in traffic
The Air Transport Association of America (ATA) has reported that cargo traffic Ã¢â‚¬“ as measured in revenue ton miles Ã¢â‚¬“ declined 20 per cent year-on-year in May 2009, marking the 10th consecutive month of declining cargo traffic. Notably, cargo traffic in the Pacific region fell 26 per cent. Passenger revenue fell 26 per cent in […]
August 1, 2009
The latest results continue to reflect the weak global economy and the lingering impact of the H1N1 (swine) influenza outbreak.
Ã¢â‚¬Å“Despite extreme price discounting, June data reflect ongoing weakness in demand for air travel. The airline industry remains fragile as this country continues to suffer from the worst recession since the 1930s,Ã¢â‚¬Â said ATA President and CEOJames C. May.