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Airlines passenger loads worldwide falling, IATA says
04-19-2008
Importance: High
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| Friday, 18 April 2008 |
| From the Editor |
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Dear eTN reader,
Some bad news ahead of next week's 2008 Airline Distribution Conference in Kuala Lumpur, new figures confirm that the economic slowdown in the United States has started to bite into the industry's revenue. Click to today's lead story to read what the International Air Transport Association is saying about the airline industry forecast.
The finger-pointing for who to blame for the recent air crash in Congo has started. Who is blaming who and for what? Click to today's second story to find out.
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Nelson Alcantara
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| Lead Story |
 KUALA LUMPUR, Malaysia (eTN) - Ahead of the 2008 Airline Distribution Conference to be held here next week (April 22-24) and organized by UATP, a payment system network provider, airlines worldwide will be greeted by some alarming figures to confirm the economic slowdown in the United States has started to bite into the industry's revenue.
Latest figures released by the International Air Transport Association (IATA) show that the average global passenger load factor (PLF) fell to 73.3 percent in February 2008, the most "significant" drop in four years.
According to IATA, the February 2008 figure shows traffic has fallen 0.6 percentage point below the passenger load factor (PLF) of February last year. The industry recorded 7.4 percent passenger growth in 2007 worldwide.
"When we adjust for the impact of the leap year, passenger demand increased by 4-5 percent," said Giovanni Bisignani, CEO of IATA. "Demand is still growing, but it is slowing down." read more |
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