IATA reported that industrywide international RPKs fell 11.1% in March on a 4.4% year-over-year decline in capacity, resulting in a 5.4-point drop in load factor to 72.1%. "Airlines cannot adjust capacity to match demand," DG and CEO Giovanni Bisignani said, warning that monthly revenue may fall as much as 20%. A 21.4% decline in freight, although "shockingly low," represented the fourth consecutive month in that range and prompted Bisignani to say, "It's not the end of the recession, but we ...

Subscribe to Access this Entire Article

"IATA: 'We may have found the floor'" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.