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The IATA reports a general downtrend for global air traffic, with passenger traffic nearly flat...

  • Tuesday, July 3, 2012, 8:28 AM ET
    The IATA reports a general downtrend for global air traffic, with passenger traffic nearly flat M/M and freight demand down. Soft oil prices couldn't overcome a drop in business and consumer confidence. The latest forecast for the industry from the agency calls for a slim $3B profit for the year on $631B in revenue.
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    Airline pricing & product strategy doesn't help. One might easily conclude that the ultimate dream of most airlines is to fly a single plane a day - with no pilots, no crew, no food and ticket prices going for $1mm a seat ($2mm for business class). Seat cushions extra.
    3 Jul 2012, 08:43 AM Reply Like
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