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  • Domestic Air Travel: Lowest Since Post-9/11 [View article]
    The passenger revenue miles response to 9/11 looks typical of a short impulse response, while the current decline looks much more like a step function response. (Reasonably assuming that passenger revenue miles can be modeled as a function of the derivative of GDP over time.)

    Or more simply, don't expect domestic air passenger revenue-miles to recover any time soon.
    Feb 12 17:29 pm |Rating: +5 -3 |Link to Comment
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