Travel companies should hold their nerve and not panic into cutting prices too soon. That’s the advice from PricewaterhouseCoopers LLP, based on the results of a poll of 2,000 British consumers.
US Airways Group, Inc. reported February and year-to-date 2009 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.0 billion, down 9.3 percent versus February 2008. Capacity was 5.2 billion available seat miles (ASMs), down 9.3 percent versus February 2008.
Booming tourism is set to boost Brazil’s foreign property market, industry experts are claiming at ITB. The sales manager at the Property Professionals Group, uv10, believes that the rising population could open up new opportunities foreign investors, as Brazilian consumers begin to spend more and more.
Thomas Cook, Europe’s second-biggest travel company, is reducing capacity as the head of its German business forecasts the tourism market will worsen through 2010.
United Airlines reported its preliminary consolidated traffic results for February 2009, saying that traffic fell 17.2 percent The carrier reported a February consolidated passenger load factor of 73.2 percent.
American Airlines reported a February load factor of 73.9 percent, a decrease of 2.9 points versus the same period last year. Traffic decreased 13.5 percent and capacity decreased 10.1 percent year over year. Domestic traffic decreased 13.7 percent year over year on 12.4 percent less capacity.