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Wednesday, May 14, 2008

Tight Load Factors, Fewer Pax This Summer

The Air Transport Association forecasts that slightly fewer passengers will travel June 1 through August 31 compared to the same period last year. Approximately 211.5 million passengers are expected to fly this summer, down approximately one percent from the 214.2 million passengers who traveled during the summer months of 2007.
Record-high jet fuel prices, a weakening economy and airline capacity cuts are the main reasons for the reduction in the number of passengers; still airplanes will be flying with relatively full loads. And, with the cost of jet fuel approaching $170 per barrel, airlines will be taking every conceivable step to minimize delays and improve operational efficiencies.
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