On Tuesday the International Air Transportation Association said that the situation concerning passenger traffic did not change, i.e. it had the same low levels that were last year. One should say that overall passenger demand went up by 0.3 per cent but at the same time cargo demand dropped by 5.4 per cent.
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Airline Industry Will Not Recover by 2010
According a report from the Boyd Group, a Colorado-based consultant, it is expected that the number of airline passengers will decrease next year which may negatively influence the travel industry. But it is still hoped that the situation will get worse.
The Boyd Group considers that the declining number of passengers will be stretched up to the year of 2010. It is estimated that only 675 million passengers will depart on flights from U.S. airports next year which will be a drop of 74 million in comparison with the first half of 2009.
According to the most recent data from the Bureau of Transportation Statistics, 346 million passengers were carried by U.S. airlines during this year's first six months, which is a 9% decline as compared with the same period of the last year.
Michael Boyd CEO of the Boyd Group says that economy continues getting worse, the number of people that remain without their jobs is increasing. The Boyd Group forecasts that the number of passengers will recover by the year of 2011, but, nevertheless, the airlines will experience the shortage of customers, making up to 16 millions of passengers if compared to 2008.
Boyd informed that these analyses estimates are grounded on the two main components like an economical and demographic characteristic of every airport and the number of seats with strategic policies.
There are also predictions of the consulting firm that regional jets in the number of 622 will be removed from their routes as they do not represent any economic value for the high volumes of fuel burned. You can now imagine that the number of such jets flying in North America make up to 1,500, taking into account those that have a seating capacity of 50 passengers.
The consulting firm also predicts that airlines will retire 622 regional jets by 2014 because they burn too much fuel and are not economical to operate on the routes they now serve. About 1,500 such jets, including many that seat about 50 passengers, are now flying in North America.
Boyd also added that they can make profits by serving fewer destinations and there observed an oversupply of such jets.
Passenger numbers still dropping for European airlines
According to a recent statement from Association of European Airlines (AEA) issued on Friday, European carriers faced another drop in traffic for September. The company estimated a 3% drop for last month, a figure which is worse than that of August.