IATA Warns on Airline Industry

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BY KAVERI NITHTHYANANTHAN

LONDON -- The International Air Transport Association said Thursday that international air traffic fell in October, the second month in a row, and warned the airline industry is in a dangerous condition.

International passenger traffic -- measured in revenue passenger kilometers, which factor in how far passengers are flown -- fell 1.3% from a year earlier in October, a less-steep decline than the 2.9% drop in September.

"The gloom continues and the situation of the industry remains critical," said IATA Director General Giovanni Bisignani. While the drop in oil prices is a relief to airlines, Mr. ...

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