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Non-Tech : Banks--- Betting on the recovery

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To: Road Walker who wrote (1090)	8/22/2010 3:11:05 PM
From: tejek	Read Replies (1) of 1428

More evidence of recovery? Several airlines taking jumbo jets out of desert storage Demand is up right now for long-haul trips Bloomberg News Updated: 08/12/2010 09:38:20 PM CDT Boeing 747 jumbo jets are being brought out of desert storage as surging bookings spur carriers to return their biggest planes to traffic. London-based British Airways will recall a 747-400 for flights to Dallas in its winter schedule starting in October, freeing a Boeing 777 for an extra New York trip, and Cathay Pacific has reinstated five freighters. United Airlines took a jumbo out of storage in California in June for use as a spare during the summer months. "Everybody is getting very excited about passenger and cargo volumes coming back, but there's a great temptation to add too much capacity," said Chris Tarry, an independent airline analyst and strategy consultant in London. "What may be rational fleet decisions for individual airlines can add up to a problem for the industry when taken together." British Airways is lifting winter capacity about 7 percent from a year earlier but will only add seats where it can do so without depressing yields, spokesman Euan Fordyce said. Of the 112 jumbos mothballed since the start of last year, 40 are still in storage, according to figures from aviation consultant Ascend Worldwide Ltd. United said its 747 could be used as a stand-in for long-haul services to Asia, London and Frankfurt. British Airways and Hong Kong-based Cathay Pacific both have idled planes near Victorville, Calif., on the southern edge of the Mojave Desert. Arid locations are favored for storage because the hot, dry conditions hamper twincities.com

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