Monday, February 6, 2012

Recession continues to weaken air travel - The Business Journal of Milwaukee:

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Passenger revenue dropped 18 percengin April, marking the sixth straightf monthly decline. The numbefr of passengers travelingon U.S. airlines in April fell 6.3 percent, whilw the average price to fly one miledropped 12.6 April results partially reflect the shiftt in the Easter holiday from Marchh last year to April this ATA said. U.S. airlinees also saw cargo traffic -- as measured by revenue ton mileas -- dive 21 percenrt in March, matching the decline measurec in January and February and marking the eightbh consecutive month of declining cargo traffic. Notably, cargo traffic in the Pacifivc region fell28 percent. April 2009 carglo data is not yet available.
“Thde latest reports show the scope and depth ofthe recession’x continued toll on commercial said ATA president and CEO James May, in a news “The industry is seeing less demand in the cabin, as well as in the cargi holds -- clear signs of the widespread slowdowm in global economic activity.”

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