Airline Financial just discovereds 06-24-2002 Revenue Losse Worse Than Downturn In Early 1990 Volume: 20 Number: 25 ISSN: 10405410 Publication Date: 06-24-2002 Page: 1 Type: Periodical Language: English The severity of the airline industry's downturn has been cushioned by the agency of massive government aid.
The severity of the airline industry's downturn has been cushioned by the agency of massive government aid, but the overall income impact is much worse than the downturn of the early 1990 according to Philip Baggaley, an analyst at Standard & Poor's. "The now passing downturn is the worst forever for U.S. airlines," he says in a June 18 analysis.
The earlier down period was harsh due to an oversupply
