As air travel hits bottom, experts debate pace of recovery

07/27/2009 | Dallas Morning News (free registration), The

A survey of second-quarter earnings reports shows most major airlines believe the market for air travel has finally hit bottom, though few expect a quick rebound for the beleaguered industry. "We don't know how long we'll bounce along the bottom, and what the rate of climb will be," Continental Airlines COO Jeff Smisek said last week, reflecting the consensus view. Still, the summer travel season has been stronger than expected, and several executives said bookings remain solid through August, leading some analysts to believe a turnaround could be in the works. Despite the "substantial uncertainty" airlines face, "we still suspect that many underestimate the potential for recovery and the magnitude of positive impact it could have from an earnings and liquidity standpoint," writes an analyst with Barclays Capital.

View Full Article in:

Dallas Morning News (free registration), The

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Technical Lead
Hawaiian Airlines
Honolulu, HI
Director, Space Systems
Aerospace Industries Association (AIA)
Arlington, VA
Strategic Relationship Manager, Industry Partnerships (Tier II)
American Institute of Aeronautics and Astronautics
Reston, VA
Sales Manager
Seaborne Airlines
San Juan
Fuel Operations Manager
Aircraft Service International Group
Chicago, IL