Travel News - Airline industry slump will stay, report predicts

http://www.azcentral.com/business/articles/0820travelslump20.html

New York Times
Aug. 20, 2002

The slump in air travel that has assaulted the airline industry during the past 18 months is likely to linger until as late as 2005, according to a new analysis of travel trends.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Spiff:
The slump in air travel that has assaulted the airline industry during the past 18 months is likely to linger until as late as 2005, according to a new analysis of travel trends.</font>

What distressing news coming on the 18-month anniversary of 9/11...

Oh, wait. It's only been 11 months.

If you don't know that the slump got a whole lot worse on 9/11, then you haven't been listening to the news. Sure, it started earlier, but that was nothing compared to what followed the terrorist attack. You know that.

Bruce

What I know is that the news media often exagerates and many things are presented as fact which are not.

Take a look at the various airline's financial performance quarter by quarter, year over year. Things were pretty bad prior to 9/11. 9/11 made them worse.

No argument from me.

Bruce