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.”
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.