‘A Glimmer of Economic Confidence’, Reports OAG

[image1_left] This may be the 11th successive month of
cutbacks in global airline schedules; however the rate of decline in
seat capacity is lower than at any time since October 2008, reports OAG,
the world’s leading aviation data business, as it
releases its monthly report on trends in the supply of airline flights
and seats.The world’s airlines have scheduled 4% (104,216) fewer flights for June
2009 compared with the same month last year, with a 2% drop in seat
capacity of 6.7 million fewer seats.  The total number of flights
scheduled to operate worldwide this month is 2.43 million, offering
297.5 million seats to travelers around the globe.

Last month, the year-on-year global frequency and capacity figures were
down by 5% and 3% respectively.  Global year-on-year capacity reductions
had remained at 3% every month since November 2008, apart from a sharp
7% decline in February this year. To see chart http://www.oagaviation.com/trends-chart.jpg”>click here .

David Beckerman, vice president OAG Market Intelligence, said, “As the
Northern Hemisphere begins its summer holiday season, the airline
community is curbing its capacity cuts in anticipation of a welcome
boost in air travel.  However, we shouldn’t assume that this is the
start of recovery and growth; the outlook remains uncertain and figures
are still down year-on-year, but it does indicate a glimmer of economic
confidence.”

The figures are revealed in the June 2009 edition of OAG FACTS
(Frequency & Capacity Trend Statistics), the dynamic monthly market
intelligence tool providing the latest data on current passenger airline
activity around the world.

OAG FACTS uses interactive graphs to display a visual trend of the
performance of a specific airport, route, country or region from 2001
onwards, sourced from OAG’s consolidated database of global airline
schedules.  A more detailed review of this month’s OAG FACTS statistics
- including information about specific regions, routes and airports with
illustrative charts and graphs - available here .

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