Source: Phoenix Business Journal Author: 04/16/2009
Subject Concerned: Airlines Cargo
Passenger count at U.S. airlines dipped 10 percent in March compared to a year ago as revenue fell by 23 percent.
The Air Transport Association of America reported the numbers on Apr. 16, saying the U.S. recession and consumer doldrums have softened demand.
Air cargo also fell, 21 percent, and the cost of flying dropped by 13 percent, as airlines cut fares in hopes of bolstering sagging demand for flights.
On a positive note for airlines, oil costs are down from 2008, which has helped reduce jet fuel costs.