Published: Wed, 4 Nov 2009
Description: (NECN: Peter Howe - Boston, Mass.) - Business is starting to take flight at Logan Airport. Passenger volume is up for the first time in 18 months. Is this a sign of better times to come? NECN business reporter Peter Howe joins us from Logan ...
Automatically Generated Transcript (may not be 100% accurate)
" Well -- much is our business is beginning to take flight in Boston's Logan Airport passenger volume is up for the first time in eighteen months so is this a sign of better times to come NEC in business reporter Peter out joins us live from Logan with more Peter."
" Jacket if you bet -- outside terminal B and so this is news that is of great interest to people in the airline industry and hospitality industry in general. But it also can really be seen as a barometer of the overall economy. If more people are traveling potentially that's a sign that businesses are feeling better and are doing more business and of people -- Philip Markoff and about potentially gonna vacation. We're an explanation this turns out to be good news he could look at in several different ways."
" These lines that terminal C at Logan International Airport and lately they've been finally getting a little this year. It's good news for the airport and big positive economic sign after eighteen months of declines. You -- data show -- passenger traffic jumped six point 3% at September over September 2008. That's followed very small but still positive increases and August to July and it's the first year over year growth. Since February 2008. Tom kitten is Massport CEO."
" Our senses it is the hopefully the end of the recession signal that the seventeenth straight months of declines that we so are. Our overall -- bottomed out July and August and -- on the upswing aviation expert Dan Kasper of LE CG agrees to point it could be a little."
" Bit of the economic recovery. Starting to show up here Boston. But if you look at the national numbers traffic is still going down although. Added declining pace I suspect what may have a little more to do with the Logan numbers since the fact that there's been an increase of low cost carrier competition."
" It has been a very big year for low cost carrier expansion at Logan virgin America adding San Francisco and LA flights in February. Some country to Minneapolis and may. Porter airlines to Toronto in September in an August along hoped for arrival of discount king Southwest Airlines Logan. Now serving Baltimore Chicago midway and adding Saint Louis and Denver in January. Meanwhile jetBlue was kept getting enough flights to become -- third biggest carrier. After American and delta which notables to -- cats were up at Logan in September -- while they were down anywhere from two to 14%. At every avenue in an airport Portland Manchester Burlington. Bradley and TF green."
" In the past. The province market in Manchester market. We're the only markets we can get the low cost carriers Logan's capturing the true Boston market and believe that was going to lose to other airports is not occurring."
" bet if you're really hold of these numbers up -- light try to ask mr. any you know potential footnote here. It's -- we get out much later Labor Day this September than a year ago. That potentially push them back to school travel in the September that would have been August. Also getting back to September 2008 economy in free fall in total prices as a business has built a lot better now potentially traveling or they were a year ago. All that said time it said early indications are. It traffic will be up in October compared to a year ago before straight months of increases have different sizes. That -- gets people confidence here at Logan International Airport. It's something good is happening certainly in the air travel business potentially reflecting good things happening in the economy that's. What kind of outlook -- me hearing about past October Peter. Well I you know it at this point one of the things -- Economy turning -- that time and especially worried about his type of potentially ninety dollar barrel oil. You'll prices have a huge impact and airline's ability make money. But we're hearing a lot at a jetBlue about their plans for expansion going into next year -- this southwest and AirTran certainly a lot more about. You may sometime next you're begin hearing about air travel from -- Directed by astronaut like -- the that would be. A very important growth opportunity here -- Peter -- Logan Airport thanks coming up to."