PPRuNe Forums - View Single Post - What happens now that the economy is starting to pick up?
Old 1st Feb 2010, 12:27
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Fuel Crossfeed
 
Join Date: Jan 2004
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I would not go out buying a big watch and pair of RayBans just yet!
From another website:

Last year was the worst in the history of aviation, IATA said yesterday. The airline industry trade body said 2009 saw the largest ever post-war decline in scheduled air traffic. Director general Giovanni Bisignani said: ‘In terms of demand, 2009 goes into the history books as the worst year the industry has ever seen. We have lost 2.5 years of growth in passenger markets.’
He said that airlines face ‘enormous challenges’ in 2010, adding: ‘The worst is behind us, but it is not time to celebrate. Adjusting to 2.5 years of lost growth means that airlines face another Spartan year focused on matching capacity carefully to demand and controlling costs.’
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