Airlines in “survival mode” – IATA

Airline revenues continue to deteriorate, according to IATA, while yields are under severe pressure". IATA's worldwide international traffic results for May-2009 show a 9.3% decline in passenger demand (RPKs), while freight demand was down by 17.4%. The industry body noted, "after a 20% fall in international passenger revenue in the first quarter, we estimate that the drop accelerated to as much as -30% in May - this crisis is the worst we have ever seen".