Originally Posted by
Andy
Yes, oil related companies have slashed their budgets for this year. I guarantee that there is a decrease in passenger traffic out of IAH due to those cutbacks.
There may not be any individual flight cuts yet (I don't know; I haven't been monitoring schedule changes), but they've already said that base manning would be addressed after the summer. I would expect a reduction in scheduled flights this fall that should match the decreased demand. The only published traffic statistics that I can find are through June 2014 which are not going to reflect the economic downturn in Houston.
Do you think it's a good idea to adjust flight scheduling to maximize passenger traffic?
I have very good friends high up in the oil industry. Looking at over 70 dollars a barrel by end of year.