Tag Archives: Slowdown

Airlines face future oil shock during recovery period

It is difficult to believe that the global economic slowdown commenced one year ago. Since July 2008, airlines across the world began to cut back on their seat capacity, and parking their aircraft. In it’s July 2009 report on trends in the supply of airline flights and seats, the Official Airline Guide OAG reported that airlines are offering 315 million …

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Shocking drop in global air cargo confirms global economic meltdown

The recently announced results by The International Air Transport Association (IATA), is nothing short of shocking. International air cargo is down by a whopping 13.5 per cent in November when compared to November 2007, and passenger growth is down by 4.6 per cent. Graph legendRPK – Revenue Passenger Kilometres (sales)ASK – Available Seat Kilometres (capacity)FTK – Freight Ton Kilometres (sales)ATK …

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