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

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.
Comments (1)
  • Kevin Flynn, CFA
    , contributor
    Comments (580) | Send Message
     
    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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