Business Services Industry
Outlook of Nation's Airlines Isn't Brightening, Analysts Say.
Knight Ridder/Tribune Business News, October, 2002
By Eric Torbenson, The Dallas Morning News Knight Ridder/Tribune Business News
Oct. 9--The only bit of bright news to come lately from the nation's major airlines -- a 26.3 percent bump in passenger traffic last month -- comes with a big asterisk.
The comparable year-ago month was disastrous, as all commercial aviation was grounded after the terrorist attacks. In fact, Sept. 11 will skew year-over-year comparisons for months to come.
A true measure of the industry's pulse, analysts say, requires a sobering look back two years. In September 2000, the industry flew 10.2 percent more traffic and at airfares that were 15 percent higher.
What's worse, airlines are staring headlong into their slowest months of the year. The prime...
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