Saturday, August 1, 2009

Private Airlines announce one-day strike

The International Air Transport Association (IATA) announced international scheduled traffic results for June
...showing passenger demand declining 7.2% compared to the same month in the previous year while freight demand was down 16.5%. International passenger load factors stood at 75.3%, down from 77.6% recorded in June 2008.
This private airlines have called for a one day strike.
...they will suspend domestic operations for on 18 August 2009 to press for their demand of the government relief.
The airline industry has witnessed a dip in passenger traffic for the last. This dip coulpled with low fares and high fuel costs is taking its toll on the health of airline industry as a whole.

The private operators want the government to intervene and come up with some relief measures. It may be noted that the government owned Air India is already in trouble due to its huge losses.

1 comment:

  1. Industry is in a bad state of affairs. But still I believe we should not encourage bailouts, especially until the executives pay package and incentives are not trimmed.