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Article: Clear skies ahead ... or more turbulence? The airline industry has had a difficult history in the last decade with 9/11, fuel cost escalation and now, the recession. Confident business will turn around, coatings manufacturers are helping airlines reduce costs while innovating more environmentally-friendly coatings.(Cover story)
- Article from:
- Coatings World
- Article date:
- August 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Rodman Publishing. 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 skies have been anything but friendly for U.S. airlines during the recession. The Air Transport Association of America said airline revenue plunged 26% in June. That's the eighth straight month of losses. The group also reported that the number of passengers traveling on U.S. airlines in June fell 6.5%, while the average price to fly one mile--called passenger unit revenue--fell 20.7% compared with June 2008.
Such declines do not bode well for the coatings manufacturers supplying the airlines, who have naturally felt their own pressure from revenue and profit losses.
"The recession and escalation in fuel costs have forced airlines to review their ...