DALLAS — Southwest Airlines Chairman Gary Kelly put on the Scrooge hat Wednesday as being the only airline executive to downplay a recovery in business travel that investors and carriers are counting on for 2010.
"I'm not comfortable enough to report any improvement in that market," he said, adding that it's probably not weakening either. Next year won't see significant growth in business travel either, he told the Next Generation Equity Research conference in New York.
Bah humbug, indeed. Executives from Fort Worth's American Airlines Inc., from Delta Air Lines Inc. and United Airlines Inc. all said that the worst appears to be behind the industry in terms of revenue and that premium traffic is percolating.
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Source: Dallas Morning News