ATA forecasts 1.3% drop in US summer air traffic

13 May 2008 16:31  [Source: ICIS news]

HOUSTON (ICIS news)--Record-high jet fuel prices, a weakening economy and airline capacity cuts will reduce the amount of US passenger air traffic during the June-August season by 1.3%, the Air Transport Association (ATA) said on Tuesday.

About 211.5m passengers are expected to fly between 1 June through 31 August, the industry trade group said. During the summer months of 2007, about 214.2m passengers took to the skies, the ATA said.

“For a variety of reasons, slightly fewer people will fly this summer and planes will be approaching 85% full,” said ATA president James May.

Jet fuel prices have climbed nearly 80% since last year, according to global chemical market intelligence service ICIS pricing.

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By: Steven McGinn
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