Re: Excuses

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clay.wardlow@xxxxxxxx wrote:
>
> I'm just wondering... how much of an impact the war and SARS really has on airlines. To be honest, when I read things from the airlines blaming the war in Iraq and SARS for their continued troubles it just seems like excuses. I can possibly see how SARS would impact operations to/from Asia, but to impact it so bad that the whole airline system is suffering??? Also, with the war going as well as it is for the US, I am not, nor do I know of anyone that is cutting back on travel.
>
> Do these just seem like sad excuses to anyone else but me?
>
> Clay - SEA


"Excuses"?  I'll leave it to you to do the math...  After the disappearance of
$17 billion in U.S. industry revenue from year 2000 to year 2002, now we have
new market overhangs from Iraq and SARS, for which Toronto appears to be the
North American epicenter.

- Bob Mann
--
R.W. Mann & Company, Inc.  >> Airline Industry Analysis and Consulting
Port Washington, NY  11050 >> tel 516-944-0900, fax 516-944-7280
mailto:info@xxxxxxxxxx     >> URL http://www.RWMann.com/


"April 09, 2003
 U.S. airline travel hits low for '03

 (Reuters) ? Airlines said Wednesday their projections on the impact of the Iraq
war on their business remain accurate, as air travel on U.S. airlines fell to
its lowest point this year.

``The world situation continues to play havoc with the airline marketplace,''
said Jim May, president of the Air Transport Association, the industry's lead
trade organization. May said the SARS virus outbreak has also hurt business.

The association said the biggest U.S. carriers had their worst week so far in
2003 last week, as systemwide traffic was off 17.4 percent.  Domestic air travel
fell almost 15 percent, while transatlantic and transpacific travel was off more
than 25 percent, the association reported."

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