2009 Airline Revenue: Worst Drop Ever
January 21st, 2010Via: CNN:
The airline industry suffered its largest drop ever in passenger revenue last year as a weak economy grounded many would-be travelers, an industry group said Wednesday.
The Air Transport Association of America said total passenger revenue for the major U.S. carriers fell 18% in 2009 versus the year before. It was the largest drop on record, exceeding the 14% decline in 2001.
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“…a weak economy grounded many would-be travelers…” That and the idea of going through some of the guilty-until-proven-innocent treatment at the airports we’ve all read about.