Business Services Industry
Holiday air travel boomlet will help airlines trim, but not end, big losses.
Knight Ridder/Tribune Business News, November, 2004
By Mark Skertic, Chicago Tribune Knight Ridder/Tribune Business News
Nov. 23--Record numbers of travelers this holiday season won't be enough to lift the airline industry's bottom line out of the red.
Deep discounts on ticket prices and high fuel costs are preventing most airlines from enjoying big economic gains as the busy travel season begins.
"A nice healthy season in terms of holiday traffic unfortunately does not equal a big economic gain," said Jack Evans, spokesman for the Air Transport Association, an industry group.
The association said the nation's airlines are on pace to carry 685 million passengers this year, 3 percent higher than the record set in 2000. But it is also a year that has seen several...
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