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11/1/09

ABS-CBN News: Global airline industry still in the red:

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Global airline industry still in the red.

Demand for international air travel may have started to improve year-on-year in September, but the slump in the global airline industry has yet to end, the International Air Transport Association (IATA) said. In a statement, the industry group said passenger demand increased 0.3%, while cargo demand was 5.4% below September 2008 levels. On the other hand, load factors for passenger and cargo have returned to pre-crisis levels of 77.1% and 50.8%, respectively.

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