International travel sees higher traffic, lower yields in September

10/30/2009 | Reuters

Cross-border airline traffic inched up 0.3% in September, but lower airfares led to a "precipitous" decline in yields, according to an international airline group. "The worst may be over in terms of the fall in demand, but yields continue to be a disaster, and costs are rising," said Giovanni Bisignani, director-general of the International Air Transport Association. "The airline industry remains firmly in the red with a fragile business environment."

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