#1 Windmilling
Well-known member
- Joined
- Apr 9, 2002
- Posts
- 91
Does the industry need a reduction in capacity (i.e. carriers going CH:7) or do they need to stop adding capacity? Or is there collusion amongst the CEOs crying "weak revenue environment" in order to get labor costs down? Below are a few recent articles from the wires.....
Friday Oct 1st ORLANDO, Fla. (AP) -- AirTran Holdings Inc., the parent company of AirTran Airways, said Friday that September traffic at the airline rose 4.5 percent to 549.1 million revenue passenger miles.
A revenue passenger mile is one paying passenger flown one mile.
However, load factor -- the percentage of seats filled -- fell to 59.8 percent from 63.4 percent as capacity grew 10.7 percent to 918.2 million available seat miles.
Monday, Oct 4th CEO of Air Tran said the airline industry needs a "significant" reduction in capacity, adding that there is at least 20 to 25 percent overcapacity.
Monday, Oct 4th - September didn't turn out quite as bad for Continental Airlines (CAL:NYSE - commentary - research) as some on Wall Street had predicted in the wake of a gloomy August.
The company Monday said it filled 74.5% of seats in its consolidated operations, up 2.8% from a year earlier. Traffic, a barometer of demand expressed in revenue passenger miles, jumped 11.8%, and capacity, measured in available seat miles, increased 7.7%.
ith too many seats and not enough demand, "nobody can make a fare increase stick," Leonard said.
Monday, Oct 4th - For the third quarter 2004, Southwest flew 14.2 billion RPMs, compared to the 12.8 billion RPMs recorded for the same period in 2003, an increase of 10.4 percent. Available seat miles increased 7.0 percent to 19.5 billion from the third quarter 2003 level of 18.2 billion. The third quarter 2004 load factor was 72.7 percent, compared to 70.5 percent for the same period last year
Friday Oct 1st ORLANDO, Fla. (AP) -- AirTran Holdings Inc., the parent company of AirTran Airways, said Friday that September traffic at the airline rose 4.5 percent to 549.1 million revenue passenger miles.
A revenue passenger mile is one paying passenger flown one mile.
However, load factor -- the percentage of seats filled -- fell to 59.8 percent from 63.4 percent as capacity grew 10.7 percent to 918.2 million available seat miles.
Monday, Oct 4th CEO of Air Tran said the airline industry needs a "significant" reduction in capacity, adding that there is at least 20 to 25 percent overcapacity.
Monday, Oct 4th - September didn't turn out quite as bad for Continental Airlines (CAL:NYSE - commentary - research) as some on Wall Street had predicted in the wake of a gloomy August.
The company Monday said it filled 74.5% of seats in its consolidated operations, up 2.8% from a year earlier. Traffic, a barometer of demand expressed in revenue passenger miles, jumped 11.8%, and capacity, measured in available seat miles, increased 7.7%.
ith too many seats and not enough demand, "nobody can make a fare increase stick," Leonard said.
Monday, Oct 4th - For the third quarter 2004, Southwest flew 14.2 billion RPMs, compared to the 12.8 billion RPMs recorded for the same period in 2003, an increase of 10.4 percent. Available seat miles increased 7.0 percent to 19.5 billion from the third quarter 2003 level of 18.2 billion. The third quarter 2004 load factor was 72.7 percent, compared to 70.5 percent for the same period last year
