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 ...

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