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Lufthansa Passenger Figures Down 6.7%

Deutsche Lufthansa's June passenger traffic fell by 6.7 percent, more than...

Deutsche Lufthansa's June passenger traffic fell by 6.7 percent, more than in May, as flights were disrupted by air traffic control strikes and as talk of possible terrorist attacks scared passengers away from flying.

The proportion of seats filled, or load factor, fell 0.1 percentage point from June 2001 to 76.1 percent, Europe's second- biggest airline said in an e-mailed statement. Lufthansa cut seating capacity by 6.5 percent from a year ago. The drop in traffic was greater than May's five percent decline.

?The load factor is disappointing and traffic is weaker than expected,? said Juergen Pieper, an analyst at Bankhaus Metzler who rates Lufthansa shares a ?buy.? ?Demand is down due to renewed talk of terrorist attacks. The strikes were also a factor.?

Lufthansa and rivals including British Airways canceled flights on June 19th as European air traffic controllers walked out to protest the creation of a cross border air traffic management system. Opinion polls in the US late last month showed Americans were concerned about attacks on July 4th, as authorities imposed flight restrictions over three national landmarks.

Author: Neftegaz.ru