The ATA is reporting the first climb in air cargo traffic since July 2008. U.S. Airlines saw cargo traffic jump 7% year over year with strong international growth (11%). James May, President of the ATA says the economy appears to be bottoming out, but remains fairly cautious:
“The global recession, accompanied by high levels of unemployment, hit air travel demand especially hard in 2009 but the declines appear to be bottoming out. Anecdotal evidence suggests a positive revenue trajectory in 2010. However, we are seeing higher fuel prices as well, which could hinder recovery efforts.”
Source: ATA
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.