At least one country’s airline is flying high
After suffering through one of its most grueling years in its history, there might finally be some “light at the end of the tunnel” for Canadian airlines, says the Financial Post.
Analysts reacting to traffic results are saying they may indicate that the third quarter could prove to be the bottom not only to their declines in demand but also to the softness in pricing.
“Air Canada said its traffic fell less than a percentage point in August, compared to the 3.3 percent decline it experienced in July and the 9.1 percent drop in June,” said the newspaper report.
WestJet Airlines Ltd.’s results were not as strong, with traffic falling 4.7 percent during the month, but that was in line with the drop experienced in July and ahead of the 7.1 percent decline in traffic it experienced in June.
“While both carriers have been cutting prices in order to fill their planes, WestJet said its revenue per available seat mile — an important gauge of how much money it collects per passenger — were also tracking in line with the second quarter, down between 16 percent and 18 percent, suggesting that pricing may have stabilized as well,” the newspaper said,
"While we are encouraged by the talk of an economic upturn, and are not seeing further declines in demand, we remain cautious about a recovery," said Sean Durfy, WestJet chief executive, announcing the results.
Cameron Doerksen, Versant Partners analyst, said with demand stabilizing it "may be a sign that the bottom has been reached."
By David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Euromonitor International unveils world’s top 100 city destinations for 2025