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Article: Airline Industry Is Slowly but Surely Recovering, America West Executive Says.
- Article from:
- Las Vegas Review-Journal (Las Vegas, NV)
- Article date:
- June 22, 2002
CopyrightCOPYRIGHT 2002 Las Vegas Review-Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Hubble Smith
Jun. 22--The airline industry is showing signs of recovery, but most of the major carriers won't return to profitability until next year, the top executive of America West Airlines said.
Although business remains below historic levels, America West is reporting better numbers than the rest of the industry in terms of flight traffic, passenger loads and revenue, Doug Parker, chief executive officer for the Phoenix-based airline, said Thursday.
Load factors are almost back to pre-Sept. 11 levels, but a sour economy has sliced into the lucrative business-class air fares that provided about 40 percent of America West's revenue.