IATA says recent losses have been worse than those following the Sept. 11, 2001, terrorist attacks; no recovery seen until at least 2013.
Global airline losses are headed for a worse-than-expected $11-billion (U.S.) this year and it's not clear when lucrative business travel will rebound to pre-recession levels, a trade group said on Tuesday.
As recently as June, the International Air Transport Association had expected airlines to lose $9-billion this year. But airlines lost $6-billion in the first half alone. They're still suffering from persistently high fuel prices, weak demand, and falling fares.
Airlines have struggled to fill seats – especially the profitable ones at the front of the plane, and last-minute business travelers who pay more. Demand for business and first-class seats has dropped 20 per cent, compared with a 5 per cent drop in coach.
The amount passengers will pay to travel is expected to fall 12 per cent this year.
“When yields fall, they almost never recover,” said Giovanni Bisignani, IATA's director general and chief executive officer, speaking at a news conference in Washington.
LINK HERE
LIST OF FINANCIAL PEOPLE DYING WITHIN 48 HRS
Rockefeller & Co CEO dies in "apparent suicide"
Here
His Relationship with the Financial World
A MUST SEE HERE
Newport Beach financier Danny Pang dies at 42
HERE
His Financial Connections
Very Interesting HERE
Dying Blagojevich fundraiser said he "overdosed", mayor says
HERE
Financier Finn Casperson dead in "apparent suicide"
HERE
Thank you, Economic Analyst, for all of the thought provoking articles!
ReplyDeleteIs the traffic volume up on your site? Surely people are worried? I went to a local mall and fully l/4 of the spaces said, FOR LEASE
Only a few months ago this mall was full!
Keep up the good work!
Also went to craigslist to buy NHL hockey tickets.
ReplyDeleteTickets that before were in heavy demand and hard to get, are now going for half price!
This is another big change I've noticed since the depression.
Did you ever see the Clinton Death List that was going around the internet in the late 90's ?
ReplyDeleteApparently, an awful lot of people connected with the Clintons where turning up dead under mysterious circumstances back then.
Good 'ole Billy Boy Clinton. Texas^H^H^H^H^H^HArkansas style politics at it's Bush^H^H^Hest.
Most of these are without a doubt calculated murders. A Rockefeller CEO doesn't go behind a strip mall to kill himself.
ReplyDeleteIf someone trips into info they are not supposed to know, sometimes just murdering them vs discrediting, etc, is the easier solution.
Yes, I remember many people connecting to the Clintons getting their cards punched.
People like comedian Bill Hicks, director Aaron Russo, a lot of 911 truth researchers, suddenly get dramatic cancer and die. Not just coincidence.
What is probably going over some of your heads is the reality that when people lose their savings or when companies start to fall apart and/or short its clients individuals start knocking themselves off to avoid accounability or the dark future they foresee in front of them. Expect a lot more of these incidents to occur. Chalking it up to more than coincidence conspiracy theory is just childs play, unless you have the evidence to back it up.
ReplyDeleteNo suicide notes, and dying away from home. Very suss. What did they know?
ReplyDeleteMicrobiology research seems to be somewhat incompatible with life these days as well.
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ReplyDeletehttp://www.altiusdirectory.com/Travel/airlines-of-the-world.html