About Travel Industry

BNET Travel provides daily industry trends and news coverage with insights for managers and executives into all aspects of the travel and tourism industry. In addition to detailed airline and hotel company profiles, we bring you industry analysis on new travel and carrier routes, bankruptcies, mergers, tourism figures, investments and a host of other important business issues.

Business-Class Rising? More Like Not Sinking Spectacularly

By Barbara E. Hernandez | Sep 17, 2009

Today I was looking at a few articles, mainly stemming from the International Air Transport Association reporting its July numbers, which showed that first- and business-class travel showed an improvement. By improvement, that means that instead of falling 21.3 percent in June, it fell only 14.1 percent in July.

That’s kind of like saying — an improvement is getting shot in the leg instead of the chest. Maybe it is, but most people probably wouldn’t like to be shot. It’s bad news. Let’s try not to make it good news until it really is, OK, IATA?

That said, the same IATA also projected that about $11 billion would be lost by airlines in 2009, but again came with the good news: only $3.8 billion projected to be lost in 2010.

I’m all for trying to be positive, but let’s not spin this into the ridiculous. We are grown-ups and can take reality, since many of us are losing our homes and accustomed lifestyle. We should all be able to understand a certain level of uncertainty always exists in our economy, and we don’t need blatant cheerleading.

Photo of business-class service courtesy of Singapore Airlines

Bay Area resident and award-winning business journalist Barbara E. Hernandez has covered tourism, real estate and also blogs about personal finance and technology for AOL Money & Finance's WalletPop. Barbara can also be followed on Twitter at bhern.

BNET User Analysis

Web Buzz:
  • Aerospace stocks rise as airlines tighten capacity

    MarketWatch - 133 days 10 hours 21 minutes ago

    The deterioration in international air traffic eased in August from July, but ticket prices remain in the gutter while freight demand is exceptionally weak, the International Air Transport Association reports

  • Twitter Responds: There is No Official Twitter TV Show

    Mashable - 259 days 21 hours 53 minutes ago

    Twitter responded today to reports, stemming from a Variety article, that a Twitter TV show is in the works. Twitter’s Biz Stone has confirmed that Twitter has signed a contract with production company Reveille and Brillstein for a TV show, but emphasizes that this is not an “official” Twitter show - it’s a non-exclusive contract,...

  • Global Blacklist Not the Answer?

    Aviation Week - 214 days 6 hours 15 minutes ago

    ICAO's head says it's not the solution, according to this report today from Reuters.  "I don't think this is the solution at the global level," Roberto Kobeh Gonzalez, ICAO president, told reporters who asked him if he supports European Transport Commissioner Antonio Tajani's proposal to create a global blacklist for unsafe airlines....

  • American Airlines Had $344M 4Q Loss; U.S. Airline Revenues Plunged at Record Levels in 2009

    Boarding Area - 20 days 7 hours 58 minutes ago

    American Airlines today reported a $344 million loss in the fourth quarter of 2009, and the numbers behind that look bad for an industry that continues to struggle. Meanwhile, the Air Transport Association said today that passenger revenue for U.S. airlines plunged 18 percent in 2009, a record. Overall, passenger traffic fell 3 percent from...

  • IATA Sets Three-Year Deadline For EMD Standard Implementation

    Business Travel News - 57 days 11 minutes ago

    By Seth Harris

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement