Domestic Air Travel: Lowest Since Post-9/11
Paul Kedrosky
26.3K Followers
From the just-released BTS November air traffic data, this graph of year-over-year monthly changes in domestic air passenger revenue-miles is fairly eye-opening. The industry is in its worst downturn since 9/11, with domestic RPM off 14.3% in November alone.
Mind you, that does help explain why on-time arrival has been so good of late.
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Dr. Paul Kedrosky maintains a widely-read blog on technology finance at Paul.Kedrosky.com (http://paul.kedrosky.com). Earlier in his career, Dr. Kedrosky founded the technology equity research practice at HSBC James Capel. Dr. Kedrosky was one of the first analysts to cover Internet companies, as well as making early and timely calls in networking and communications. He currently sits on various boards, is a strategist for Ten Asset Management in Encinitas, California, and a Senior Fellow with the Kauffman Foundation.
He appears regularly on CNBC, and has also appeared on CNN, PBS Newshour, ABC Nightline, and elsewhere, as well as being quoted in the New York Times, Wall Street Journal, etc.