IATA said yesterday that May passenger and cargo traffic figures revealed a stabilization in demand declines but warned that airline revenue is still falling sharply. "We may have hit bottom, but we are a long way from recovery," DG and CEO Giovanni Bisignani said. "Capacity is not aligned with demand." He said that following a 20% fall in international passenger revenue in the first quarter, "we estimate that the drop accelerated to as much as negative 30% in May. This crisis is the worst ...

Subscribe to Access this Entire Article

"IATA: Industry may have reached traffic 'floor' but revenues still suffering" 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.

Already registered? here.