Airline losses in the fourth quarter higher than expected
Airline losses in the fourth quarter were $4 billion, considerably higher than first expected and leading to a total 2008 loss of $8 billion, according to a Monday report from the International Air Transport Association.
Two weeks ago, the trade group forecast a $5 loss for the full year. "Unlike earlier in the year, airlines are now losing money at the operating level," IATA said in a statement. Airlines also parked 73 older aircraft in the recent quarter as they cut capacity to meet falling demand. "Load factors have been falling sharply since September, as airlines have found demand falling away faster than they have been able to cut capacity," the group said. "In January average load factors were 2.8% points below the level of the previous year."
Source: Market Watch
Karen
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments