Business Services Industry
Outlook Dims for Struggling U.S. Airlines.
Knight Ridder/Tribune Business News, March, 2003
By Chip Jones, Richmond Times-Dispatch, Va. Knight Ridder/Tribune Business News
Mar. 27--U.S. airline passenger traffic dropped 10 percent last week, fueled by travelers' fears of war and terrorism, the head of the airlines' trade group said yesterday.
"On some days, some of our carriers are reporting more cancellations than bookings for the same flight," said James C. May, president of the Air Transport Association.
May, speaking in a teleconference with reporters, sounded grim about the prospects faced by an already-weakened industry. Local airport officials, however, said they have not seen any evidence of a drastic downturn in passenger traffic since the war began.
May said 10,000 airline jobs have been lost during the...
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