OAG: economy hits winter flight schedules
10.10.08
OAG, the flight information guide, has revised its latest analysis of worldwide airline schedules in light of the deepening economic crisis. It says that continuing problems in the US, Europe and Asia are impacting airline operations with worse than expected declines in airline capacity this winter.
Flights and capacity within Europe are showing worsening cutbacks in the fourth quarter of 2008. Globally, winter schedules show a 5.2% decline in capacity and a 6.1% decline in the number of flights. OAG’s earlier analysis in August showed a 7% drop for both measures. The latest figures reveal that the world’s airlines will offer 46.3 million fewer seats for October, November and December 2008, and 451,000 fewer flights.
Figures for intra-Europe flights are now 5% lower than for quarter four in 2007, compared to OAG's original forecast of a fall of 2.7%. Seat capacity is now 5.6% lower, compared with the previous analysis drop of 2.8%.
US domestic flights are set to fall by almost 11% and capacity by 9% in the fourth quarter of 2008 compared to a year ago. The US domestic market will account for 21.4 million of the cutback in available seats, or 46% of the global decline, and 59% of the global drop in frequencies with 265,000 fewer flight
In Asia a 6.5% fall in capacity and a 7.1% drop in the number of flights is expected. On transatlantic routes there has been a capacity reduction of 2.9%, reversing the earlier schedule analysis of 2% growth.
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book hotel near gatwick or car park gatwick at the lowest price, click on these links to two great gatwick parking and gatwick hotels price comparison pages.
