In a new research report, Boyd Group International predicts 41 million fewer passengers will board U.S. airlines this year, leading to "massive declines in aviation revenues." Unless ticket prices rise significantly, industry revenues will drop by $25 billion through 2011, Boyd says. The decline in demand for air travel doesn't hurt just the airlines, however. Over three years, airports will lose $573 million in passenger fees and federal tax revenues will drop $4.9 billion, according to Boyd's projections.
Published in Brief: