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Despite airline cost decline in first quarter 2009, industry remains unprofitable

Washington, Usa - Labor costs overtook fuel costs

The Air Transport Association of America (ATA), the industry trade organization representing the leading U.S. airlines, released its quarterly Airline Cost Index, incorporating data through the first quarter of 2009. The composite cost index fell to 176.9 in the first quarter of 2009, down 22% from the first quarter of 2008, easily outpacing the 0.2% decline in the U.S. Consumer Price Index (CPI)....

AVIONEWS - World Aeronautical Press Agency - 1107050
Rome, Italy, 07/13/2009 14:05
AVIONEWS - World Aeronautical Press Agency

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