"Sorry if my brain is not engaged but what the heck does that mean?"
Sorry. I should have clarifed it.
It had a 2% reduction in filled seats (load factor) during a month (April 2006 at 85% average and April 2007 at 83%) because of more-than-usual aircraft deliveries that resulted in a temporary excess supply (i.e. more seats/more capacity than could be filled). There was also an element of reduced demand perhaps due to the environmental stuff that meant fewer filled seats.
July just gone had an average 90% load, so on average 9 out of 10 seats were filled - excellent performance, the same average load as July 2006, and precisely as you'd expect from such a month, despite the added difficulties faced by airlines.
It normally just takes time for demand and supply to adjust, which it has.
Last edited by JulietNovemberPapa; 24th Aug 2007 at 18:50.