I think our trafic is back to pre 9/11 levels or close. I have had to get back and forth to LAS a few times because I have family there and it is as much a challenge as ever.
The trouble is that even though traffic is up, yeild is down because of the low fare competition and business travel being down. I know your familiar with that since you analyze BA routes. From what I have read its as bad or worse in Europe.
Did anyone see the recent WSJ article about the majors vs. the discounters?
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