Airline industries in trouble: continuous decline

Already Airline industries lost their profit in the last few quarters and demand for air travel could decline further in spite of signs of a more stable global economy, and prediction of a recovery this year look dull, Air industry executives said at a meeting of the world's airlines on June 7th 2009. Airlines have been suffering from weaker demand because of the financial crisis and have also been upset by the sharp variation in oil prices in the past year.
"I think it's probably going to get worse," Rob Fyfe, chief executive of Air New Zealand, told press in an interview on the sidelines of an International Air Transport Association (IATA) board meeting.
The bearish comments difference with the more positive outlook from some global policymakers and economists about a global recovery in the wake of latest data such as the slowing pace of U.S. job losses.