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Article: Labor Day Pax to Drop 5.7 Percent.
- Article from:
- Regional Aviation News
- Article date:
- August 25, 2008
CopyrightCOPYRIGHT 2008 Access Intelligence, LLC. 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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The Air Transport Association of America forecasts that 16 million passengers will travel globally on U.S. airlines during the 2008 Labor Day holiday period, spanning Wed., Aug. 27 through Wed., Sept. 3. This is a decline of 5.7 percent from the 17 million passengers estimated to have traveled on U.S. airlines during the same period last year.
The projected decline consists of a 6.5 percent drop in domestic travel and a 1.0 percent increase in international travel. High energy prices across the economy, rising airfares and airline schedule cuts are the primary drivers of the overall reduction in passenger volumes expected for this period. Sustained ...
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